ITT (ITT) Earnings: 2Q Revenue of $905.9M Meets Estimates, Adjusted EPS Surpasses Expectations

ITT on Smartkarma

Analysts on Smartkarma are closely monitoring ITT Corporation, with Baptista Research recently initiating coverage on the company. In their report titled “ITT Inc.: Initiation of Coverage – Will Its Outstanding Performance In The China Market Last? – Major Drivers,” Baptista Research highlighted ITT’s strong first-quarter results in 2024, exceeding revenue, margin, and EPS expectations. The company’s impressive performance carried over from 2023, with organic order growth reaching around 7% or 13% in total, resulting in nearly $1 billion in order bookings.

A look at ITT Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts have a positive long-term outlook on ITT Inc., a company that manufactures engineered components and technology solutions for various industries. Based on Smartkarma Smart Scores, ITT received a high score of 5 for Growth, indicating strong potential for expanding its business and increasing its market share in the future.

While the company scored moderately in other areas such as Value, Dividend, Resilience, and Momentum, its exceptional Growth score highlights ITT’s capacity to innovate and develop new products for sectors including energy infrastructure, electronics, aerospace, and transportation. Investors may view ITT as a promising option for long-term investment due to its strong growth prospects and diversified product offerings.

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