Pentair plc reports results for the quarter ended September 30 - Earnings Summary

• Pentair plc reported quarterly adjusted earnings of $1.18​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.24. The mean expectation of seventeen analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from $1.05 to $1.10 per share.

• Revenue fell 4.5% to $976.40 million from a year ago; analysts expected $963.61 million.

• Pentair plc's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of $145.1 million.

• Pentair plc shares had risen by 4.2% this quarter and lost 47.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 8 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Pentair plc is $69.00, about 20% above its last closing price of $55.22

This summary was machine generated from LSEG data October 27 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)