Recap: Mueller Water Products Q1 Earnings
Portfolio Pulse from Benzinga Insights
Mueller Water Products (NYSE:MWA) reported Q1 earnings with a 62.5% beat on estimated EPS, achieving $0.13 versus the $0.08 estimate. However, revenue decreased by $58.40 million compared to the same period last year. The company's past earnings performance shows a consistent beat on EPS estimates, which previously led to a 4.98% increase in share price the following day.
February 08, 2024 | 9:25 pm
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Mueller Water Products reported a significant beat on Q1 earnings estimates but saw a decrease in revenue compared to last year. Historical data shows positive share price movement following earnings beats.
The significant beat on earnings estimates is likely to positively impact investor sentiment and potentially lead to an increase in MWA's share price, similar to the historical pattern observed in the previous quarter. However, the decrease in revenue could temper some of the positive momentum, making the overall impact slightly uncertain but still leaning positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100