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Xylem (XYL) Q1 Earnings in Line, Revenues Beat Estimates
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Rye Brook, New York-based Xylem Inc. (XYL - Free Report) is a prominent diversified machinery firm, conducting trade in the industrial goods sector. The company manufactures and designs specialized engineered technologies for the wastewater and water purposes. XYL shares high brand value in the market but is also exposed to certain risks of external market uncertainties. For the last four trailing quarters Xylem has a track record of generating a positive average beat of 2.13%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 39 cents per share, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $1,071 million came above the Zacks Consensus Estimate of $1,061 million.
Key Stats: XYL is poised to grow on the back of strong public utility and health sector trade, the Sensus business buyout and increasing demand from emerging markets. Based on these positives, the company has raised its full-year 2017 adjusted earnings guidance to the $2.23-$2.38 per share range, higher than the previously estimated range of $2.20 to $2.35 per share. However, the company reaffirmed its previous revenue guidance within the $4.5-$4.6 billion range.
Stock Price: As of May 1, 2017, XYL’s closed the trading session at $51.32 per share.
Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this XYL earnings report later!
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Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Xylem (XYL) Q1 Earnings in Line, Revenues Beat Estimates
Rye Brook, New York-based Xylem Inc. (XYL - Free Report) is a prominent diversified machinery firm, conducting trade in the industrial goods sector. The company manufactures and designs specialized engineered technologies for the wastewater and water purposes. XYL shares high brand value in the market but is also exposed to certain risks of external market uncertainties. For the last four trailing quarters Xylem has a track record of generating a positive average beat of 2.13%.
Currently, XYL has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 39 cents per share, in-line with the Zacks Consensus Estimate.
Revenue: Revenues of $1,071 million came above the Zacks Consensus Estimate of $1,061 million.
Key Stats: XYL is poised to grow on the back of strong public utility and health sector trade, the Sensus business buyout and increasing demand from emerging markets. Based on these positives, the company has raised its full-year 2017 adjusted earnings guidance to the $2.23-$2.38 per share range, higher than the previously estimated range of $2.20 to $2.35 per share. However, the company reaffirmed its previous revenue guidance within the $4.5-$4.6 billion range.
Stock Price: As of May 1, 2017, XYL’s closed the trading session at $51.32 per share.
Xylem Inc. Price
Xylem Inc. Price | Xylem Inc. Quote
Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this XYL earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>