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Pentair plc (PNR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Pentair plc (PNR - Free Report) reported $1.03 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 2.9%. EPS of $0.91 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +3.37% over the Zacks Consensus Estimate of $995.09 million. With the consensus EPS estimate being $0.78, the EPS surprise was +16.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pentair plc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial & Flow Technologies: $391.80 million versus the seven-analyst average estimate of $358.76 million. The reported number represents a year-over-year change of +9.4%.
Net Sales- Water Solutions: $272 million versus $263.76 million estimated by three analysts on average.
Net Sales - Pool: $364.30 million versus the three-analyst average estimate of $370.54 million.
Net Sales- Other: $0.50 million versus the three-analyst average estimate of $0.35 million. The reported number represents a year-over-year change of +66.7%.
Segment income (loss)- Other: -$22.60 million compared to the -$20.45 million average estimate based on seven analysts.
Segment income (loss)- Industrial & Flow Technologies: $65 million versus $56.92 million estimated by seven analysts on average.
Segment income (loss)- Pool: $116.20 million versus the three-analyst average estimate of $105.79 million.
Segment income (loss) - Water Solutions: $52.40 million compared to the $42.88 million average estimate based on three analysts.
Shares of Pentair plc have returned -2.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Pentair plc (PNR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Pentair plc (PNR - Free Report) reported $1.03 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 2.9%. EPS of $0.91 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +3.37% over the Zacks Consensus Estimate of $995.09 million. With the consensus EPS estimate being $0.78, the EPS surprise was +16.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pentair plc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Industrial & Flow Technologies: $391.80 million versus the seven-analyst average estimate of $358.76 million. The reported number represents a year-over-year change of +9.4%.
- Net Sales- Water Solutions: $272 million versus $263.76 million estimated by three analysts on average.
- Net Sales - Pool: $364.30 million versus the three-analyst average estimate of $370.54 million.
- Net Sales- Other: $0.50 million versus the three-analyst average estimate of $0.35 million. The reported number represents a year-over-year change of +66.7%.
- Segment income (loss)- Other: -$22.60 million compared to the -$20.45 million average estimate based on seven analysts.
- Segment income (loss)- Industrial & Flow Technologies: $65 million versus $56.92 million estimated by seven analysts on average.
- Segment income (loss)- Pool: $116.20 million versus the three-analyst average estimate of $105.79 million.
- Segment income (loss) - Water Solutions: $52.40 million compared to the $42.88 million average estimate based on three analysts.
View all Key Company Metrics for Pentair plc here>>>Shares of Pentair plc have returned -2.8% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.