Watts Water Technologies Q1 2024 Adj EPS $2.33 Beats $2.10 Estimate, Sales $570.900M Beat $547.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Watts Water Technologies (WTS) reported Q1 2024 adjusted EPS of $2.33, surpassing the $2.10 estimate, and sales of $570.9M, exceeding the $547.2M estimate. This represents a 21.35% increase in earnings and a 21.03% increase in sales compared to the same period last year.
May 08, 2024 | 9:15 pm
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POSITIVE IMPACT
Watts Water Technologies reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $2.33 and sales at $570.9M.
The substantial beat on both earnings per share and sales estimates for Q1 2024 indicates strong financial health and operational efficiency. This performance, significantly exceeding analyst expectations, is likely to instill investor confidence and could lead to a positive short-term impact on WTS's stock price. The reported year-over-year growth in earnings and sales further emphasizes the company's growth trajectory, making it an attractive asset for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100