Water management solutions company Zurn Elkay (NYSE: ZWS) will be reporting results tomorrow after market hours. Here’s what you need to know.
Zurn Elkay beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $370.7 million, up 3.9% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates but a significant miss of analysts’ organic revenue estimates.
Is Zurn Elkay a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Zurn Elkay’s revenue to grow 2.5% year on year to $383.3 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zurn Elkay has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Zurn Elkay’s peers in the building products segment, only Insteel has reported results so far. It beat analysts’ revenue estimates by 7.2%, delivering year-on-year sales growth of 26.1%.
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