Watts Water Technologies Q2 2024 Adj. EPS $2.46 Beats $2.33 Estimate, Sales $597.000M Beat $589.577M Estimate
Portfolio Pulse from Benzinga Newsdesk
Watts Water Technologies (NYSE:WTS) reported Q2 2024 adjusted EPS of $2.46, beating the estimate of $2.33. Sales were $597 million, surpassing the $589.577 million estimate and marking a 12.05% increase from the same period last year.
August 07, 2024 | 9:04 pm
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Watts Water Technologies reported strong Q2 2024 results, with EPS and sales both beating analyst estimates. This performance indicates robust growth and could positively impact the stock price in the short term.
The company's better-than-expected earnings and sales figures, along with a significant year-over-year increase in sales, suggest strong operational performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100