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Pentair plc (PNR) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-10-24 17:02
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Pentair: This Bull Run Is Far From Drying Up
Seeking Alpha· 2024-10-24 11:48
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
Pentair Analysts Increase Their Forecasts Following Better-Than-Expected Q3 Results
Benzinga· 2024-10-23 18:25
Pentair plc PNR reported better-than-expected results for its third quarter on Tuesday.The company reported that third-quarter 2024 net sales fell 2% year over year to $993 million, beating the consensus of $988.8 million. Adjusted EPS rose 16% Y/Y to $1.09, surpassing the consensus of $1.07.For FY24 Outlook, Pentair raised adjusted EPS to $4.27 (from $4.25) vs. consensus of $4.25. Meanwhile, the company continues to see sales growth of roughly flat to down 1% on a reported basis.Pentair sees fourth-quarter ...
Pentair(PNR) - 2024 Q3 - Quarterly Report
2024-10-22 20:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-11625 Pentair plc | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------- ...
Pentair(PNR) - 2024 Q3 - Earnings Call Transcript
2024-10-22 18:46
Pentair plc (NYSE:PNR) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Shelly Hubbard - VP of IR John Stauch - President and CEO Robert Fishman - CFO and CAO Conference Call Participants Deane Dray - RBC Capital Markets Andy Kaplowitz - Citigroup Julian Mitchell - Barclays Steve Tusa - JPMorgan Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Inc. Andrew Krill - Deutsche Bank Nathan Jones - Stifel Mike Halloran - Baird Joe Giordano - TD Cowen Brett Linzey - ...
Pentair Beats Q3 Earnings & Sales Estimates, Raises '24 Outlook
ZACKS· 2024-10-22 18:20
Pentair plc (PNR) has reported third-quarter 2024 adjusted earnings per share (EPS) of $1.09, beating the Zacks Consensus Estimate of $1.07. The bottom line also surpassed the company’s guidance of $1.06-$1.08 and improved 14% from the 94 cents reported in the prior year.Including one-time items, EPS was 84 cents compared with the prior-year quarter’s 79 cents.Net sales declined 1.5% year over year to $993 million in the quarter under review. However, the top line surpassed the Zacks Consensus Estimate of $ ...
Pentair (PNR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-22 14:35
Pentair plc (PNR) reported $993.4 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.5%. EPS of $1.09 for the same period compares to $0.94 a year ago.The reported revenue represents a surprise of +0.35% over the Zacks Consensus Estimate of $989.94 million. With the consensus EPS estimate being $1.07, the EPS surprise was +1.87%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...
Pentair plc (PNR) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-22 13:00
Pentair plc (PNR) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.87%. A quarter ago, it was expected that this company would post earnings of $1.15 per share when it actually produced earnings of $1.22, delivering a surprise of 6.09%.Over the last four quarters, the company has sur ...
Pentair(PNR) - 2024 Q3 - Quarterly Results
2024-10-22 10:53
Exhibit 99.1 News Release Pentair Reports Strong Third Quarter 2024 Results • Sales of $993 million • Operating income of $180 million with ROS of 18.1 percent, an increase of 20 basis points compared to the prior year period; on an adjusted basis, ROS expanded 310 basis points to 24.1 percent • GAAP EPS increased 6 percent to $0.84 when compared to the prior year period and adjusted EPS rose 16 percent to $1.09 • Net cash provided by operating activities of continuing operations was $249 million, an increa ...
What Analyst Projections for Key Metrics Reveal About Pentair (PNR) Q3 Earnings
ZACKS· 2024-10-17 14:21
Wall Street analysts forecast that Pentair plc (PNR) will report quarterly earnings of $1.07 per share in its upcoming release, pointing to a year-over-year increase of 13.8%. It is anticipated that revenues will amount to $989.94 million, exhibiting a decline of 1.9% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...