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Pentair (PNR) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Analysts on Wall Street project that Pentair plc (PNR - Free Report) will announce quarterly earnings of $1.33 per share in its forthcoming report, representing an increase of 9% year over year. Revenues are projected to reach $1.11 billion, increasing 1.4% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Pentair metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Pool' will reach $408.95 million. The estimate suggests a change of +4.5% year over year.
The collective assessment of analysts points to an estimated 'Net Sales- Flow' of $398.09 million. The estimate indicates a year-over-year change of +0.3%.
Analysts expect 'Net Sales- Water Solutions' to come in at $307.15 million. The estimate indicates a change of -1.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue Growth - Core - Pool' should arrive at 2.3%. The estimate is in contrast to the year-ago figure of 17.9%.
Analysts predict that the 'Segment income (loss)- Pool' will reach $143.26 million. Compared to the present estimate, the company reported $133.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment income (loss)- Water Solutions' will likely reach $74.38 million. Compared to the present estimate, the company reported $72.90 million in the same quarter last year.
The consensus estimate for 'Segment income (loss)- Flow' stands at $89.59 million. The estimate compares to the year-ago value of $84.40 million.
Over the past month, shares of Pentair have returned +9.1% versus the Zacks S&P 500 composite's +5.4% change. Currently, PNR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Pentair (PNR) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that Pentair plc (PNR - Free Report) will announce quarterly earnings of $1.33 per share in its forthcoming report, representing an increase of 9% year over year. Revenues are projected to reach $1.11 billion, increasing 1.4% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Pentair metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Pool' will reach $408.95 million. The estimate suggests a change of +4.5% year over year.
The collective assessment of analysts points to an estimated 'Net Sales- Flow' of $398.09 million. The estimate indicates a year-over-year change of +0.3%.
Analysts expect 'Net Sales- Water Solutions' to come in at $307.15 million. The estimate indicates a change of -1.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue Growth - Core - Pool' should arrive at 2.3%. The estimate is in contrast to the year-ago figure of 17.9%.
Analysts predict that the 'Segment income (loss)- Pool' will reach $143.26 million. Compared to the present estimate, the company reported $133.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Segment income (loss)- Water Solutions' will likely reach $74.38 million. Compared to the present estimate, the company reported $72.90 million in the same quarter last year.
The consensus estimate for 'Segment income (loss)- Flow' stands at $89.59 million. The estimate compares to the year-ago value of $84.40 million.
View all Key Company Metrics for Pentair here>>>Over the past month, shares of Pentair have returned +9.1% versus the Zacks S&P 500 composite's +5.4% change. Currently, PNR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .