Watts Water Technologies (WTS) To Report Earnings Tomorrow: Here Is What To Expect
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Watts Water Technologies (WTS) is set to report earnings after market hours on Wednesday. Analysts expect a revenue growth of 13.1% year-on-year to $611.1 million, with adjusted earnings projected at $2.34 per share. The company has a strong track record of exceeding revenue estimates, averaging a 2.8% beat over the past two years. Positive sentiment in the industrial machinery sector has seen share prices rise, with Watts Water's stock up 11.1% recently, and an average analyst price target of $301.56 against a current price of $319.77.
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