Water infrastructure products manufacturer Mueller Water Products will be reporting earnings this Wednesday after market close. Here’s what to expect.
Mueller Water Products beat analysts’ revenue expectations last quarter, reporting revenues of $395.9 million, up 4.1% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Mueller Water Products a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Mueller Water Products’s revenue to decline 1.7% year on year, a reversal from the 9.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Mueller Water Products has a history of exceeding Wall Street’s expectations.
Looking at Mueller Water Products’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tennant delivered year-on-year revenue growth of 6.3%, missing analysts’ expectations by 2.6%, and Xylem reported a revenue decline of 3%, falling short of estimates by 3.5%. Xylem traded down 18.5% following the results.
Read our full analysis of Tennant’s results here and Xylem’s results here.
Investors in the industrial machinery segment have had steady hands going into earnings, with share prices flat over the last month. Mueller Water Products is up 10.4% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $24.03).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.