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Xylem (XYL) Q3 Earnings Meet Estimates
XYLXylem(XYL) ZACKS·2024-10-31 13:11

Core Viewpoint - Xylem reported quarterly earnings of 1.11pershare,matchingtheZacksConsensusEstimate,andshowinganincreasefrom1.11 per share, matching the Zacks Consensus Estimate, and showing an increase from 0.99 per share a year ago [1] - The company posted revenues of 2.1billionforthequarter,missingtheZacksConsensusEstimateby3.312.1 billion for the quarter, missing the Zacks Consensus Estimate by 3.31%, but showing a slight increase from 2.08 billion year-over-year [2] Financial Performance - Earnings per share (EPS) for the recent quarter were 1.11,consistentwithexpectations,andupfrom1.11, consistent with expectations, and up from 0.99 a year prior [1] - Revenue for the quarter was 2.1billion,whichwasbelowtheexpected2.1 billion, which was below the expected 2.17 billion, but an increase from the previous year's 2.08billion[2]−Overthelastfourquarters,XylemhassurpassedconsensusEPSestimatesthreetimesandhastoppedrevenueestimatesthreetimesaswell[2]MarketPerformance−Xylemshareshaveincreasedapproximately13.92.08 billion [2] - Over the last four quarters, Xylem has surpassed consensus EPS estimates three times and has topped revenue estimates three times as well [2] Market Performance - Xylem shares have increased approximately 13.9% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 1.15 on revenues of 2.21billion,andforthecurrentfiscalyear,itis2.21 billion, and for the current fiscal year, it is 4.26 on revenues of $8.59 billion [7] - The outlook for the industry, specifically the Manufacturing - General Industrial sector, is favorable, ranking in the top 39% of over 250 Zacks industries [8]