Zurn Elkay Water Q2 2024 Adj EPS $0.26 Misses $0.31 Estimate, Sales $412.00M Beat $408.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zurn Elkay Water (NYSE:ZWS) reported Q2 2024 earnings per share of $0.26, missing the analyst estimate of $0.31 by 16.13%. However, the company reported sales of $412.00 million, beating the estimate of $408.52 million by 0.85%. This represents a 2.18% increase over the same period last year.
July 30, 2024 | 8:42 pm
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Zurn Elkay Water reported Q2 2024 EPS of $0.26, missing the $0.31 estimate, but sales of $412M beat the $408.52M estimate. Sales increased by 2.18% YoY.
The miss on EPS is likely to have a negative short-term impact on the stock price, despite the sales beat and YoY growth. Investors often react more strongly to earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100