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

The upcoming report from Watts Water (WTS) is expected to reveal quarterly earnings of $1.91 per share, indicating a decline of 3.1% compared to the year-ago period. Analysts forecast revenues of $537.27 million, representing a decrease of 1.9% year over year.Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Bearing this in mind, let's now explore the average estimates of specific Watts Water metrics that are commonly monitored and projected by Wall Street analysts.The consensus estimate for 'Geographic Revenue- Europe' stands at $113.10 million. The estimate suggests a change of -11.6% year over year.The combined assessment of analysts suggests that 'Geographic Revenue- Americas' will likely reach $391.70 million. The estimate indicates a change of +1.2% from the prior-year quarter.It is projected by analysts that the 'Geographic Revenue- APMEA' will reach $33.53 million. The estimate suggests a change of +3.2% year over year.View all Key Company Metrics for Watts Water here>>>Shares of Watts Water have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +1.7% change. With a Zacks Rank #3 (Hold), WTS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks