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Pentair (PNR) Q1 Earnings In Line, Revenue Top Estimates
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Pentair plc (PNR - Free Report) , a diversified industrial manufacturing company, reported first-quarter 2019 results, wherein adjusted earnings of 43 cents came in line with the Zacks Consensus Estimate.
Revenue: Pentair posted revenues of $689 million in the quarter, which beat the Zacks Consensus Estimate of $687 million.
Outlook: For 2019, Pentair reiterated adjusted EPS guidance of $2.30-$2.35. Sales in 2019 will likely be up 1-2% on a reported basis and sales growth will be flat to up 1% on a core basis.
Pentair provided second-quarter 2019 adjusted earnings per share guidance at 63-66 cents. Sales in the quarter are anticipated to increase 1-2% on a reported basis and approximately flat to up 1 percent on a core basis compared with the prior-year quarter.
Estimates Revision: The Zacks Consensus Estimate for first quarter has been revised downward 4% over the past 7 days. In three of the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average positive surprise of 3.62%.
Market Reaction: Pentair’s shares dipped 1.98% in pre-market trading. Check back later for our full write up on Pentair earnings report!
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Pentair (PNR) Q1 Earnings In Line, Revenue Top Estimates
Pentair plc (PNR - Free Report) , a diversified industrial manufacturing company, reported first-quarter 2019 results, wherein adjusted earnings of 43 cents came in line with the Zacks Consensus Estimate.
Revenue: Pentair posted revenues of $689 million in the quarter, which beat the Zacks Consensus Estimate of $687 million.
Outlook: For 2019, Pentair reiterated adjusted EPS guidance of $2.30-$2.35. Sales in 2019 will likely be up 1-2% on a reported basis and sales growth will be flat to up 1% on a core basis.
Pentair provided second-quarter 2019 adjusted earnings per share guidance at 63-66 cents. Sales in the quarter are anticipated to increase 1-2% on a reported basis and approximately flat to up 1 percent on a core basis compared with the prior-year quarter.
Estimates Revision: The Zacks Consensus Estimate for first quarter has been revised downward 4% over the past 7 days. In three of the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average positive surprise of 3.62%.
Pentair plc Price and EPS Surprise
Pentair plc price-eps-surprise | Pentair plc Quote
Zacks Rank: Currently, Pentair carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Pentair’s shares dipped 1.98% in pre-market trading. Check back later for our full write up on Pentair earnings report!
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
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