Preview: Watts Water Technologies's Earnings
Portfolio Pulse from Benzinga Insights
Watts Water Technologies (NYSE:WTS) is scheduled to release its quarterly earnings report on February 12, 2024. Analysts predict an EPS of $1.78. The company's historical performance shows it has previously beaten EPS estimates, leading to positive stock price movements. Shares are currently trading at $213.31, with a 21.1% increase over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for future growth.
February 09, 2024 | 3:01 pm
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Watts Water Technologies is expected to report an EPS of $1.78 for the upcoming quarter. Historical data shows positive stock movement following earnings beats. Shares have risen 21.1% over the last year.
Given WTS's history of beating EPS estimates and the subsequent positive stock price reactions, there's a strong likelihood of a positive short-term impact if the company beats the EPS estimate again and provides favorable future guidance. The 21.1% YTD stock increase further supports investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100