ITT ITT unveils its next round of earnings Friday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement
Earnings and Revenue
ITT EPS is expected to be around 78 cents, according to sell-side analysts. Sales will likely be near $687 million.
ITT EPS in the same period a year ago totaled 65 cents. Sales were $630.9 million. Sales would be up 8.9 percent from the year-ago period. Here's how the ITT's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
EPS Estimate | 0.73 | 0.59 | 0.61 | 0.63 |
EPS Actual | 0.77 | 0.64 | 0.66 | 0.65 |
Stock Performance
Over the last 52-week period, shares are up 36.15 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on ITT stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
ITT's Q2 conference call is scheduled to begin at 9:00 a.m. ET and can be accessed here: http://www.itt.com/investors
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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