ITT (ITT) Earnings Expected to Grow: Should You Buy?

Company Overview - ITT is expected to report quarterly earnings of $1.62 per share, reflecting a year-over-year increase of +8.7% [3] - Revenues are anticipated to reach $946.88 million, which is a 4.5% increase from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for July 31, and positive results could lead to a stock price increase, while negative results may cause a decline [2] - The consensus EPS estimate has been revised 1.64% higher in the last 30 days, indicating a more optimistic outlook from analysts [4] Earnings Surprise Potential - ITT has an Earnings ESP of +0.51%, suggesting a likelihood of beating the consensus EPS estimate [12] - The company holds a Zacks Rank of 2, which further supports the expectation of an earnings beat [12] Historical Performance - In the last reported quarter, ITT exceeded the expected earnings of $1.44 per share by delivering $1.45, resulting in a surprise of +0.69% [13] - Over the past four quarters, ITT has consistently beaten consensus EPS estimates [14] Industry Context - Markel Group, a peer in the Zacks Diversified Operations industry, is expected to report earnings of $24.74 per share, indicating a year-over-year decline of -4.7% [18] - Markel Group's revenues are projected to be $3.99 billion, up 4.2% from the previous year [18] - Markel Group has an Earnings ESP of -0.76% and a Zacks Rank of 3, making it challenging to predict an earnings beat [19]