What Does Wall Street See for Mueller Water Products's Q3?

Mueller Water Products (NYSE: MWA  ) is expected to report Q3 earnings on July 30. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Mueller Water Products's revenues will grow 8.8% and EPS will increase 60.0%.

The average estimate for revenue is $300.2 million. On the bottom line, the average EPS estimate is $0.08.

Revenue details
Last quarter, Mueller Water Products reported revenue of $283.1 million. GAAP reported sales were 13% higher than the prior-year quarter's $251.5 million.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were $0.04 for Q2 versus -$0.70 per share for the prior-year quarter.

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

Recent performance
For the preceding quarter, gross margin was 27.3%, 260 basis points better than the prior-year quarter. Operating margin was 8.7%, 410 basis points better than the prior-year quarter. Net margin was 2.2%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.13 billion. The average EPS estimate is $0.18.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is outperform, with an average price target of $6.43.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On July 26, 2013, at 9:52 AM, haldo wrote:

    "Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is outperform, with an average price target of $6.43."

    I don't get the Outperform rating if the current stock price ($7.50 as of 26 July) is well above the price target - unless this article is old and regurgitated?

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