Watts Water Technologies (NYSE:WTS) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Watts Water Technologies beat estimated earnings by 17.07%, reporting an EPS of $1.92 versus an estimate of $1.64.
Revenue was up $8.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 5.01% increase in the share price the next day.
Here’s a look at Watts Water Technologies’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.53 | 1.55 | 1.63 | 1.37 |
| EPS Actual | 1.60 | 1.79 | 2.11 | 1.63 |
| Revenue Estimate | 486.46M | 478.08M | 488.73M | 442.79M |
| Revenue Actual | 501.90M | 487.80M | 526.60M | 463.20M |
To track all earnings releases for Watts Water Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
