The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ITT's revenues will grow 4.0% and EPS will expand 5.6%.
The average estimate for revenue is $538.7 million. On the bottom line, the average EPS estimate is $0.38.
Last quarter, ITT tallied revenue of $555.9 million. GAAP reported sales were 7.8% higher than the prior-year quarter's $515.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.44. GAAP EPS of $0.78 for Q3 were 33% lower than the prior-year quarter's $1.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.4%, 30 basis points better than the prior-year quarter. Operating margin was 10.1%, 300 basis points worse than the prior-year quarter. Net margin was 13.1%, 790 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.24 billion. The average EPS estimate is $1.69.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 333 members out of 357 rating the stock outperform, and 24 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give ITT a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ITT is hold, with an average price target of $23.21.
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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.