Pentair Plc PNR, a diversified industrial manufacturing company, reported fourth-quarter 2017 results, wherein adjusted earnings of 93 cents came in line with the Zacks Consensus Estimate.
Revenue: Pentair posted revenues of $1.26 billion, beating the Zacks Consensus Estimate of $1.24 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for fourth quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 3.9%.
Pentair PLC. Price and EPS Surprise
Pentair PLC. price-eps-surprise | Pentair PLC. Quote
Outlook: Pentair initiated adjusted EPS guidance of approximately $4.00 for fiscal 2018.
Zacks Rank: Currently, Pentair carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Pentair’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Pentair earnings report!
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