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 0.11%.
Currently, XYL has a Zacks Rank #2 (Buy) but that could change following its second-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 59 cents per share, above with the Zacks Consensus Estimate of 57 cents.
Revenue: Revenues of $1,164 million came below the Zacks Consensus Estimate of $1,172 million.
Key Stats: XYL raised its revenue guidance for 2017 from 4.5–$4.6 billion to the $4.65–$4.70 billion range. Notably, eliminating the impact of acquisitions and foreign currency translation, the company anticipates to accrue organic revenue growth within the range of 2–3% for 2017. Moreover, it also lifted its adjusted earnings guidance for the whole year form $2.23–$2.38 per share to the $2.30–$2.40 per share range.
Stock Price: As of Jul 31, 2017, XYL’s closed the trading session at $56.73 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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