Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Watts Water (WTS) , which belongs to the Zacks Instruments - Control industry, could be a great candidate to consider.This maker of valves for plumbing, heating and water needs has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.57%.For the last ...

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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

Watts Water Technologies, Inc. (WTS) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.03 compared with $2.04 in the prior-year quarter. The bottom line topped the Zacks Consensus Estimate by 2%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company’s quarterly net sales rose 8% year over year to $543.6 million. The top line surpassed the Zacks Consensus Estimate by 0.9%. Organic sales were down 9% year over year.Higher revenue growth in the Asia-Pacific, the ...

Watts Water (WTS) reported $543.6 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.8%. EPS of $2.03 for the same period compares to $2.04 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $538.83 million, representing a surprise of +0.89%. The company delivered an EPS surprise of +2.01%, with the consensus EPS estimate being $1.99. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Watts Water (WTS) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.01%. A quarter ago, it was expected that this maker of valves for plumbing, heating and water needs would post earnings of $2.34 per share when it actually produced earnings of $2.46, delivering a surprise of 5.13%. O ...

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [3] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [4] Growth Score - The Growth Style Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5] Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings estimate changes, aiding in timing purchases of high-momentum stocks [5] VGM Score - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Stock to Watch: Watts Water Technologies, Inc. - Watts Water Technologies, Inc. specializes in water safety and flow control products, generating 75% of its revenue from the Americas, 19.1% from Europe, and 5.9% from APMEA [12] - The company holds a 3 (Hold) Zacks Rank with a VGM Score of B and a Growth Style Score of B, indicating a forecasted year-over-year earnings growth of 5.3% for the current fiscal year [13] - Recent upward revisions in earnings estimates and an average earnings surprise of 9.4% further enhance its attractiveness to growth investors [13][14]

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

Did you analyze how Watts Water (WTS) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this maker of valves for plumbing, heating and water needs, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial h ...

Financial Data and Key Metrics Changes - The company reported sales of $597 million, up 12% on a reported basis, while organic sales were flat [22] - Adjusted operating profit increased 8% to $112 million, with adjusted operating margins at 18.8%, down 70 basis points [23] - Adjusted earnings per share rose 5% to $2.46, driven by operational performance and acquisitions [25] - Free cash flow for the first half was $120 million, compared to $89 million in the same period last year [26] - The balance sheet remains robust, with a net debt to capitalization ratio at negative 1% [27] Business Line Data and Key Metrics Changes - Americas organic sales increased 5%, with reported sales up 22% year-over-year, benefiting from project timing and acquisitions [28] - Europe organic sales decreased 15%, with reported sales down 16%, impacted by declines in wholesale plumbing and OEM businesses [30] - APMEA organic sales grew 18%, with reported sales growth of 16%, despite a 2% negative impact from foreign exchange [32] Market Data and Key Metrics Changes - Global GDP remains positive but lower compared to 2023, affecting repair and replacement activities [13] - The Americas region is experiencing softness in single-family and multifamily new construction, with institutional new construction holding steady [14][15] - The Asia Pacific region anticipates growth in China and the Middle East, driven by data centers and strong project activity [16] Company Strategy and Development Direction - The company is maintaining its full-year outlook, expecting solid first-half performance to offset second-half weakness, particularly in Europe [17] - Incremental investments of $2 million are being accelerated into 2024, increasing total investments to $22 million for new product development [18] - The integration of recent acquisitions is progressing well, with synergy realization ahead of schedule [11] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging, particularly in Europe, due to geopolitical uncertainties and economic challenges [17][56] - The company is closely monitoring the impact of destocking activities in the wholesale channel and expects to see continued softness in the second half of 2024 [53][68] - There are indications that the heat pump market in Europe may stabilize by early 2025, but current inventory levels remain high [78] Other Important Information - The company published its 2023 sustainability report, highlighting progress in sustainability initiatives [19][21] - The new SAP ERP system implementation is on schedule and budget, aimed at driving productivity and supporting the company's smart and connected strategy [12] Q&A Session Summary Question: Can you expand on project timing as a driver behind the strength in the quarter? - Management explained that project timing in APMEA, particularly in data centers, and in the Americas for heating and hot water solutions contributed approximately $7 million to $8 million in sales pulled into the second quarter [47] Question: What are the headwinds expected from destocking and non-residential construction? - Management indicated that destocking in the wholesale channel is approximately $7 million to $8 million, with multifamily construction expected to decline due to reduced new starts [53][68] Question: How is the company addressing the challenges in the European market? - Management acknowledged that the European market is softer than anticipated, with ongoing destocking in the heat pump segment expected to last until early 2025 [56][78] Question: What is the outlook for the data center business? - The data center business is currently less than 2% of overall sales but has grown significantly from a small base, with opportunities in liquid cooling presenting additional content opportunities [59][60] Question: How does the company view the M&A pipeline? - Management confirmed that the M&A pipeline remains strong, with ongoing discussions, but emphasized a disciplined approach to acquisitions [71]