Zurn Elkay Water Q1 2024 Adj EPS $0.29 Beats $0.26 Estimate, Sales $373.800M Beat $368.991M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zurn Elkay Water (ZWS) reported Q1 2024 adjusted EPS of $0.29, surpassing the $0.26 estimate, with sales of $373.8M exceeding the $368.991M forecast. This represents a 0.46% increase in sales compared to the same period last year.
April 23, 2024 | 8:30 pm
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Zurn Elkay Water (ZWS) exceeded Q1 2024 earnings and sales estimates, indicating strong financial performance and potential positive market response.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth in sales compared to the same period last year further strengthens the case for a positive outlook on ZWS's stock.
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