Investors braced for a bumpy ride ahead of Watts Water Technologies'
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Watts Water Technologies with nine of 13 analysts rating it hold. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $358.4 million in revenue this quarter. That would represent a rise of 13.2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.60 per share. Estimates range from $0.51 to $0.63.
What our community says:
CAPS All-Stars are solidly supporting the stock, with 98.3% giving it an "outperform" rating. Most of the community is in line with the All-Stars, with 95.4% granting it a rating of "outperform." Fools feel positively about Watts Water Technologies and haven't been shy with their opinions lately, logging 133 posts in the past 30 days. Even with a robust four out of five stars, Watts Water Technologies' CAPS rating falls a little short of the community's upbeat outlook.
Watts Water Technologies' profit has risen year-over-year by an average of 4.9% over the past five quarters. Revenue has now gone up for three straight quarters.
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