【poem i know why the caged bird sings】Why Earnings Season Could Be Great for Watts Water (WTS)
Investors are always looking for stocks that are poised to beat at earnings season and
Watts Water Technologies,poem i know why the caged bird sings Inc.
WTS may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Watts Water is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for WTS in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 96 cents per share for WTS, compared to a broader Zacks Consensus Estimate of 95 cents per share. This suggests that analysts have very recently bumped up their estimates for WTS, giving the stock a Zacks Earnings ESP of +0.79% heading into earnings season.
Watts Water Technologies, Inc. Price and EPS Surprise
Watts Water Technologies, Inc. Price and EPS Surprise | Watts Water Technologies, Inc. Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that WTS has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Watts Water, and that a beat might be in the cards for the upcoming report.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
-
The Gross Law Firm Announces Class Actions on Behalf of Shareholders of QD, LK and ALGNPutin: Russia must improve port and airport infrastructureChina December factory activity shrinks for first time in 19 months: Caixin PMIIs Coca-Cola HBC AG’s (LON:CCH) Balance Sheet A Threat To Its Future?Investview (INVU) Reports Record $1.4 Million Month Bitcoin Mining Revenue and Increased Bitcoin HoldingsThe 50-State Cybersecurity Class Action Is Here to Stay. How to Defend Against It!One Thing To Remember About The Sadbhav Infrastructure Project Limited (NSE:SADBHIN) Share PriceHow Many Insiders Bought Rainbow Rare Earths Limited (LON:RBW) Shares?United Kingdom Cardiac Rhythm Management Devices Market Outlook to 2025 - Cardiac Resynchronisation Therapy (CRT), Implantable Cardioverter Defibrillators (ICD), Implantable Loop Recorders (ILR) and PacemakersChina says trade talks with U.S. made 'important progress'-Xinhua
下一篇:Could coronavirus trigger a recession?
- ·Ramping up COVID-19 testing earlier would have helped the UK, top adviser says
- ·Tesla debuts $35,000 Model 3, sees loss in first quarter
- ·Does Horizon Bancorp, Inc. (NASDAQ:HBNC) Have A Good P/E Ratio?
- ·Dozens of coal, iron ore freighters stuck off China ports amid customs delays - data, sources
- ·Silver Price Daily Forecast – Silver Attempts To Break Through The Key Resistance Level
- ·Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month
- ·Are Insiders Buying e-therapeutics plc (LON:ETX) Stock?
- ·Simulations Plus (SLP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- ·California ballot initiative on gig workers could be among costliest in state's history
- ·Amazon's Virginia HQ2 opposition is about affordability, than a joblessness crisis: Delegate Lee Carter
- ·Upcoming Deadline Reminder: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Citrix Systems, Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm
- ·Taking A Look At Stella-Jones Inc.’s (TSE:SJ) ROE
- ·JPMorgan Chase approved to process $15 billion in new PPP loans
- ·Oman slows spending growth in 2019 budget, may not cut deficit
- ·5 Best Diets for 2019: Mediterranean Diet Tops the List
- ·Turkey tells U.S. its trade is in line with international laws - Turkish official
- ·Asian Shares Lower as US-China Tensions Weigh on Investor Sentiment
- ·Should You Be Worried About Insider Transactions At Canopy Growth Corporation (TSE:WEED)?
- ·SoftBank Robotics Removes Strategy Executive Steve Carlin
- ·What Should Investors Know About TKH Group N.V.’s (AMS:TWEKA) Growth?
- ·Calculating The Fair Value Of Asanko Gold Inc. (TSE:AKG)
- ·Google workers support proposed U.S. laws to curb mandatory arbitration
- ·Put Down the Cocktails. 'Dry January' Can Help Curb Alcohol Consumption for Months, Research Says
- ·Alex Jones Tells Joe Rogan: George Soros Offered Me $5 Million to Pump Bitcoin
- ·German industrial order rise more than expected in October
- ·Deutsche Telekom sues German government over 5G auction - Welt
- ·A Magnificent Ascent For The Newest Cloud ETF
- ·Keeping Up with the Kardashians Recap: Bruce Jenner Prepares to Undergo Facial Feminization Surgery
- ·The Uber Of Europe, BlaBlaCar, Just Raised A Whopping $100 Million
- ·Introducing Freshpet (NASDAQ:FRPT), The Stock That Soared 463% In The Last Three Years
- ·Big cash holdings in Europe signal unease over stock market outlook
- ·'Undefeated and Unindicted' Trey Gowdy Shares Plans for Nelson Mullins Role
- ·SoCoCare Receives 2013 TMC Labs Innovation Award
- ·What Kind Of Investor Owns Most Of Patspin India Limited (NSE:PATSPINLTD)?
- ·Bank of Baroda rolls back charges after public outcry
- ·ChildCare Education Institute Offers No-Cost Online Course on Reducing Exclusionary Discipline in Early Childhood Education