Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With 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 that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Have you been paying attention to shares of Zurn Water (ZWS) ? Shares have been on the move with the stock up 6.8% over the past month. The stock hit a new 52-week high of $38.8 in the previous session. Zurn Water has gained 30.8% since the start of the year compared to the 11.7% move for the Zacks Industrial Products sector and the 13.5% return for the Zacks Manufacturing - Electronics industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't ...

Zurn Water (ZWS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it h ...

Core Insights - Zurn Water (ZWS) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing an increase from $0.29 per share a year ago, resulting in an earnings surprise of 6.25% [1] - The company achieved revenues of $410 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.87% and up from $398.4 million year-over-year [2] - Zurn Water has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Zurn Water's stock will largely depend on management's commentary during the earnings call and the sustainability of its recent price movements [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $365.19 million, and for the current fiscal year, it is $1.21 on revenues of $1.56 billion [7] Industry Context - The Manufacturing - Electronics industry, to which Zurn Water belongs, is currently ranked in the bottom 29% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Zurn Water's stock may also be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Exhibit 99.1 | --- | --- | --- | |---------------------------|-------------------------------------------------------|-------| | | Press Release | | | October 29, 2024 | Contact Information: | | | For Immediate Release | Dave Pauli Chief Financial Officer 414.223.7770 | | Zurn Elkay Water Solutions Reports Third Quarter 2024 Financial Results Investor call scheduled for Wednesday, October 30, 2024 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Third Quarter ...

Company Performance - Zurn Water's shares have increased by 7.8% over the past month, reaching a new 52-week high of $34.94 [1] - The stock has gained 15.7% since the beginning of the year, outperforming the Zacks Industrial Products sector (9.7%) and the Zacks Manufacturing - Electronics industry (11.2%) [1] Earnings and Revenue Expectations - For the current fiscal year, Zurn Water is projected to report earnings of $1.21 per share on revenues of $1.56 billion, reflecting a 24.74% increase in EPS and a 1.82% increase in revenues [3] - For the next fiscal year, earnings are expected to rise to $1.33 per share on $1.62 billion in revenues, indicating a year-over-year change of 9.67% in EPS and 4.04% in revenues [3] Valuation Metrics - Zurn Water's current trading multiple is 28.1X the current fiscal year EPS estimates, which is higher than the peer industry average of 22.2X [7] - The stock trades at 22.6X trailing cash flow, compared to the peer group's average of 21.8X, and has a PEG ratio of 1.83 [7] Zacks Rank and Style Scores - Zurn Water holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The stock has a Value Score of C, a Growth Score of A, and a Momentum Score of C, resulting in a combined VGM Score of A [6] Industry Context - The Manufacturing - Electronics industry is positioned in the top 10% of all industries, suggesting favorable conditions for Zurn Water and its peers [12] - Eaton Corporation, a peer in the industry, also shows strong performance with a Zacks Rank of 2 (Buy) and has reported earnings exceeding consensus estimates [10][11]

Company Overview - Zurn Elkay Water Solutions Corporation (ZWS) shares increased by 7.7% to close at $32, driven by notable trading volume, contrasting with a 2.1% loss over the past four weeks [1][2] Business Performance - The rally in Zurn Elkay's stock is attributed to strong momentum in its water management business, with positive performance in commercial and institutional markets, and increasing demand for water management solutions [2] - The company is expected to report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 10.3%, with revenues projected at $406.35 million, up 2% from the previous year [3] Earnings Estimates - The consensus EPS estimate for Zurn Elkay has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Zurn Elkay currently holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to A.O. Smith (AOS), which has a Zacks Rank of 3 (Hold) and a recent EPS estimate change of -0.5% [4][5]

Investors interested in Manufacturing - Electronics stocks are likely familiar with Zurn Water (ZWS) and Schneider Electric SE (SBGSY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies ...

Core Viewpoint - Zurn Water (ZWS) has experienced a decline of 7.9% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1] Group 1: Technical Analysis - The hammer chart pattern indicates a potential bottoming out, with selling pressure possibly exhausting, which could lead to a trend reversal [1] - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control during a downtrend [2] - This pattern can occur across various timeframes and should be used alongside other bullish indicators for confirmation [2] Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for ZWS serve as a bullish indicator, correlating strongly with near-term stock price movements [3] - The consensus EPS estimate for ZWS has increased by 2.7% over the last 30 days, indicating analysts' optimism about the company's earnings potential [3] - ZWS holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________ FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35475 _________________________________________________ ZURN ELKAY WATER SOLUT ...