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Watts Water (WTS) reported earnings 30 days ago. What's next for the stock?
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Examine Watts Water's (WTS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Watts Water Technologies, Inc. posted strong Q2 results, beating estimates with Non-GAAP EPS of $2.46 and revenue of $597 million. The company showed solid growth and financial stability, but faces concerns about slowing growth and market uncertainties. Despite a strong balance sheet and history of earnings growth, future forecasts suggest caution, leading to a hold rating on the stock.
Watts Water Technologies, Inc. (NYSE:WTS ) Q2 2024 Earnings Call August 8, 2024 9:00 AM ET Company Participants Diane McClintock - Senior Vice President, FP&A and Investor Relations Bob Pagano - President and Chief Executive Officer Shashank Patel - Chief Financial Officer Conference Call Participants Ryan Connors - Northcoast Research Jeff Hammond - KeyBanc Capital Markets Nathan Jones - Stifel Mike Halloran - Baird Joe Giordano - TD Cowen Walter Liptak - Seaport Research Partners Operator Welcome to the Watts Water Technologies, Inc. Second Quarter 2024 Earnings Call hosted by Bob Pagano, President and CEO; Shashank Patel, CFO; and Diane McClintock, Senior Vice President, FP&A and Investor Relations. At the end of the presentation, we will open the line for questions.
Watts Water's (WTS) second-quarter performance benefits from solid revenue growth in APMEA and the Americas region.
The headline numbers for Watts Water (WTS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Watts Water (WTS) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.34 per share a year ago.
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Get a deeper insight into the potential performance of Watts Water (WTS) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.