Insights Ahead: Pentair's Quarterly Earnings

Pentair (NYSE:PNR) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.

Analysts estimate that Pentair will report an earnings per share (EPS) of $1.07.

The announcement from Pentair is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.08, leading to a 3.89% drop in the share price on the subsequent day.

Here's a look at Pentair's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.14

0.90

0.86

0.87

EPS Actual

1.22

0.94

0.87

0.94

Price Change %

-4.0%

1.0%

0.0%

-4.0%

Performance of Pentair Shares

Shares of Pentair were trading at $99.04 as of October 18. Over the last 52-week period, shares are up 65.72%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Pentair

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Pentair.

The consensus rating for Pentair is Outperform, based on 11 analyst ratings. With an average one-year price target of $102.18, there's a potential 3.17% upside.

Comparing Ratings ...