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Pentair (PNR) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Pentair plc (PNR - Free Report) reported revenue of $1.1 billion, up 1.6% over the same period last year. EPS came in at $1.22, compared to $1.03 in the year-ago quarter.
The reported revenue represents a surprise of +0.76% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $1.15, the EPS surprise was +6.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pentair performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue Growth - Core - Total Pentair: 2.2% compared to the 2.1% average estimate based on four analysts.
Revenue Growth - Core - Pool: 17.9% versus the three-analyst average estimate of 9.9%.
Revenue Growth - Core - Industrial & Flow Technologies: 3.1% versus 0.4% estimated by three analysts on average.
Revenue Growth - Core - Water Solutions: -7% versus -3.5% estimated by three analysts on average.
Net Sales- Pool: $391.50 million compared to the $364.38 million average estimate based on six analysts. The reported number represents a change of +17.1% year over year.
Net Sales- Industrial & Flow Technologies: $396.80 million versus the six-analyst average estimate of $408.23 million. The reported number represents a year-over-year change of -3.6%.
Net Sales- Water Solutions: $310.50 million versus the six-analyst average estimate of $320.68 million. The reported number represents a year-over-year change of -7.6%.
Net Sales- Other: $0.50 million versus $0.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +25% change.
Segment income (loss)- Other: -$19.50 million versus the six-analyst average estimate of -$24.51 million.
Segment income (loss)- Pool: $133.60 million versus the six-analyst average estimate of $122.03 million.
Segment income (loss)- Water Solutions: $72.90 million compared to the $75.17 million average estimate based on six analysts.
Segment income (loss)- Industrial & Flow Technologies: $84.40 million compared to the $83.76 million average estimate based on six analysts.
Shares of Pentair have remained unchanged over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Pentair (PNR) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Pentair plc (PNR - Free Report) reported revenue of $1.1 billion, up 1.6% over the same period last year. EPS came in at $1.22, compared to $1.03 in the year-ago quarter.
The reported revenue represents a surprise of +0.76% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $1.15, the EPS surprise was +6.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Pentair performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue Growth - Core - Total Pentair: 2.2% compared to the 2.1% average estimate based on four analysts.
- Revenue Growth - Core - Pool: 17.9% versus the three-analyst average estimate of 9.9%.
- Revenue Growth - Core - Industrial & Flow Technologies: 3.1% versus 0.4% estimated by three analysts on average.
- Revenue Growth - Core - Water Solutions: -7% versus -3.5% estimated by three analysts on average.
- Net Sales- Pool: $391.50 million compared to the $364.38 million average estimate based on six analysts. The reported number represents a change of +17.1% year over year.
- Net Sales- Industrial & Flow Technologies: $396.80 million versus the six-analyst average estimate of $408.23 million. The reported number represents a year-over-year change of -3.6%.
- Net Sales- Water Solutions: $310.50 million versus the six-analyst average estimate of $320.68 million. The reported number represents a year-over-year change of -7.6%.
- Net Sales- Other: $0.50 million versus $0.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +25% change.
- Segment income (loss)- Other: -$19.50 million versus the six-analyst average estimate of -$24.51 million.
- Segment income (loss)- Pool: $133.60 million versus the six-analyst average estimate of $122.03 million.
- Segment income (loss)- Water Solutions: $72.90 million compared to the $75.17 million average estimate based on six analysts.
- Segment income (loss)- Industrial & Flow Technologies: $84.40 million compared to the $83.76 million average estimate based on six analysts.
View all Key Company Metrics for Pentair here>>>Shares of Pentair have remained unchanged over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.