Earnings Outlook For Zurn Elkay Water

Zurn Elkay Water (NYSE:ZWS) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Zurn Elkay Water to report an earnings per share (EPS) of $0.32.

The announcement from Zurn Elkay Water 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.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.02, leading to a 0.68% increase in the share price on the subsequent day.

Here's a look at Zurn Elkay Water's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.31

0.26

0.23

0.27

EPS Actual

0.33

0.29

0.26

0.29

Price Change %

1.0%

-2.0%

4.0%

3.0%

Performance of Zurn Elkay Water Shares

Shares of Zurn Elkay Water were trading at $35.97 as of October 25. Over the last 52-week period, shares are up 37.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Zurn Elkay Water

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Zurn Elkay Water.

Zurn Elkay Water has received a total of 4 ratings from analysts, with the consensus rating as Outperform. With ...