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Xylem (XYL) Q4 Earnings in Line, Revenues Top 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 0.37%.
Currently, XYL has a Zacks Rank #3 (Hold) but that could change following its fourth-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 76 cents per share, in line the Zacks Consensus Estimate.
Revenue: Revenues of $1,277 million came above the Zacks Consensus Estimate of $1,275 million.
Key Stats: XYL anticipates to generate revenues within the range of $5.1-$5.2 billion in 2018 (estimating a year over year growth of 8-10%). Organically top line results are predicted to grow 4-6%. Adjusted earnings per share for 2018 is anticipated to lie within the range of $2.82-$2.97 per share.
Stock Price:As of Jan 31, 2018, XYL’s closed the trading session at $72.26 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!
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