XYL Beats Q4 Earnings and Revenue Estimates (Part-1)

The Zacks Consensus Estimate for quarterly profits was $0.96 per share, but Xylem (XYL) reported earnings of $0.99 per share, which was more than the consensus estimate.

A year earlier, profits per share were $0.92, thus this is a significant increase. This information has been modified to account for non-recurring things.

There was a 3.13 percent increase in earnings that was unexpected in this quarterly report. A quarter ago, it was anticipated that this water and wastewater treatment firm would report earnings of $0.89 per share. However, the company actually produced earnings of $0.99 per share, which was a surprise of 11.24%.

Four times over the course of the past four quarters, the firm has exceeded the consensus earnings per share projections

Xylem, which is a member of the Zacks Manufacturing - General Industrial category, reported revenues of $2.12 billion for the quarter that ended in December 2023. This figure is 3.07% more than the Zacks Consensus Estimate for the same period.

As a comparison, revenues from the previous year totaled $1.51 billion. Four times over the course of the past four quarters, the corporation has exceeded the revenue predictions that were generally accepted.

The commentary that management provides on the earnings call will be the primary factor that determines whether or not the stock's immediate price movement will be sustained based on the data that were just recently announced and the expectations for future profits.

The S&P 500 has gained 3.6% since the beginning of the year, while Xylem shares have lost around 0.2% since the beginning of the year.