Ahead of Watts Water (WTS) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Watts Water (WTS) is expected to report quarterly earnings of $1.91 per share, reflecting a 3.1% decline year over year, with revenues forecasted at $537.27 million, a decrease of 1.9% compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.1%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Estimates - The consensus estimate for 'Geographic Revenue- Europe' is $113.10 million, indicating a year-over-year decline of 11.6% [5]. - Analysts project 'Geographic Revenue- Americas' to reach $391.70 million, reflecting a 1.2% increase from the prior-year quarter [5]. - The estimate for 'Geographic Revenue- APMEA' is $33.53 million, suggesting a year-over-year increase of 3.2% [5]. Stock Performance - Shares of Watts Water have returned +2.8% over the past month, outperforming the Zacks S&P 500 composite, which has changed by +1.7% [6]. - With a Zacks Rank 3 (Hold), WTS is expected to perform in line with the overall market in the near future [6].