Watts Water Technologies (NYSE: WTS) filed its 10-K on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Watts Water Technologies met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.

Gross margin dropped, operating margin dropped, and net margin grew.

Revenue details
Watts Water Technologies reported revenue of $360.2 million. The 10 analysts polled by S&P Capital IQ hoped for revenue of $362.5 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $316.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.56. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share on the same basis. GAAP EPS of $0.47 for Q4 were 52% higher than the prior-year quarter's $0.31 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 34.2%, 150 basis points worse than the prior-year quarter. Operating margin was 6.6%, 510 basis points worse than the prior-year quarter. Net margin was 4.7%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $370.0 million. On the bottom line, the average EPS estimate is $0.60.

Next year's average estimate for revenue is $1.51 billion. The average EPS estimate is $2.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 355 members rating the stock outperform and 17 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Watts Water Technologies a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Watts Water Technologies is hold, with an average price target of $41.00.

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