Watts Water Technologies Q3 Adj $2.03 Beats $1.99 Estimate, Sales $543.60M Beat $542.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Watts Water Technologies reported Q3 earnings of $2.03 per share, beating the $1.99 estimate, and sales of $543.60M, surpassing the $542.15M estimate. Earnings slightly decreased from last year, but sales increased by 7.79%.
October 30, 2024 | 9:15 pm
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Watts Water Technologies reported Q3 earnings of $2.03 per share, beating estimates, with sales of $543.60M, also surpassing expectations. Despite a slight decrease in earnings from last year, sales increased significantly.
The earnings and sales both exceeded analyst expectations, which is generally positive for the stock price. The increase in sales by 7.79% compared to last year is a strong indicator of growth, despite the slight decrease in earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100