On Friday, May 3, ITT ITT will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Based on ITT management projections, analysts predict EPS of 84 cents on revenue of $683.38 million.
In the same quarter last year, ITT posted a profit of 77 cents on sales of $689.3 million. Revenue would be down 0.86 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.74 | 0.79 | 0.78 | 0.73 | 0.59 |
| EPS Actual | 0.82 | 0.82 | 0.82 | 0.77 | 0.64 |
Stock Performance
Shares of ITT were trading at $60.13 as of May 2. Over the last 52-week period, shares are up 22.99 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The average rating by analysts on ITT stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 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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