Pentair plc (PNR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Pentair plc (PNR) reported revenue of $1.08 billion, up 1.7% over the same period last year. EPS came in at $1.03, compared to $1.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.06 billion, representing a surprise of +2.46%. The company delivered an EPS surprise of +8.42%, with the consensus EPS estimate being $0.95.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Pentair plc performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial & Flow Technologies: $411.60 million versus $393.05 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
Net Sales- Water Solutions: $336.20 million compared to the $293.12 million average estimate based on six analysts.
Net Sales- Pool: $334.30 million versus the six-analyst average estimate of $371.14 million.
Net Sales- Other: $0.40 million versus $0.52 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -33.3% change.
Segment income (loss)- Other: -$20.50 million compared to the -$20.09 million average estimate based on six analysts.
Segment income (loss)- Pool: $105.10 million versus the six-analyst average estimate of $118.35 million.
Segment income (loss) - Water Solutions: $74.80 million versus $55.80 million estimated by six analysts on average.
Segment income (loss)- Industrial & Flow Technologies: $74.80 million versus the six-analyst average estimate of $65.90 million.
View all Key Company Metrics for Pentair plc here>>>
Shares of Pentair plc have returned +7.3% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Pentair plc (PNR) : Free Stock Analysis Report
