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]
Zurn Water (ZWS) Q3 Earnings and Revenues Top Estimates