Mueller Water Products Q1 2024 Adj EPS $0.13 Beats $0.08 Estimate, Sales $256.40M Beat $250.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products (MWA) reported Q1 2024 adjusted EPS of $0.13, surpassing the $0.08 estimate, with sales of $256.40M exceeding the $250.64M forecast. This represents an 18.55% decrease in sales compared to the same period last year.
February 08, 2024 | 9:12 pm
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POSITIVE IMPACT
Mueller Water Products reported a strong Q1 2024 performance with adjusted EPS and sales beating estimates, despite a year-over-year decrease in sales.
The positive earnings surprise, with both adjusted EPS and sales exceeding analyst estimates, is likely to have a favorable short-term impact on MWA's stock price. However, the significant year-over-year sales decrease may temper investor enthusiasm, suggesting a nuanced but overall positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100