【songs that relate to fahrenheit 451】Why Earnings Season Could Be Great for Watts Water (WTS)
时间:2024-09-29 12:23:38 出处:Entertainment阅读(143)
Investors are always looking for stocks that are poised to beat at earnings season and
Watts Water Technologies,songs that relate to fahrenheit 451 Inc.
WTS may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Watts Water is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for WTS in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 96 cents per share for WTS, compared to a broader Zacks Consensus Estimate of 95 cents per share. This suggests that analysts have very recently bumped up their estimates for WTS, giving the stock a Zacks Earnings ESP of +0.79% heading into earnings season.
Watts Water Technologies, Inc. Price and EPS Surprise
Watts Water Technologies, Inc. Price and EPS Surprise | Watts Water Technologies, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that WTS has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Watts Water, and that a beat might be in the cards for the upcoming report.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
猜你喜欢
- Analysts Just Slashed Their China Cinda Asset Management Co., Ltd. (HKG:1359) EPS Numbers
- SHAREHOLDER ALERT: CLAIMSFILER REMINDS FSCT, WFC INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits
- Should Value Investors Consider Dycom (DY) Stock Now?
- State-backed hackers targeting coronavirus workers, US and UK warn
- South African drugmaker Aspen sees no immediate impact of India's decision to curb drug exports
- Pompeo says U.S. considering welcoming Hong Kong people, entrepreneurs
- NYSE: REZI Shareholder Notice: Lawsuit against Resideo Technologies, Inc. announced by Shareholders Foundation
- 'Unsustainable': Mexico's Pemex buckling under crushing pension debt
- John B. Sanfilippo & Son, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions