- For Q1, Pentair had a net sales of $1.02 billion which met their estimate.
- Other net sales came in at $0.3 million, falling short of the estimate of $0.47 million.
- Adjusted operating income was at a strong $217 million, surpassing the estimate of $205.1 million.
- Core net sales saw a slight decrease at -1.1%, but it was better than the estimated decrease of -1.96%.
- The adjusted EPS stood at 94c, outpacing the estimate of 89c.
- For Q2, Pentair foresees GAAP EPS from continuing operations to be around $1.08 to $1.10, and an adjusted EPS basis of approximately $1.15 to $1.17.
- The company has updated their estimated GAAP EPS for 2024 to roughly $3.76 to $3.86 and reiterated its adjusted EPS guidance of around $4.15 to $4.25.
- Pentair’s full year 2024 sales are expected to increase by 2% to 3% on a reported basis.
- For Q2, the company expects sales to be up approximately 1 percent to 2 percent compared to the same period last year.
- The Full-year company outlook remains as projected, and strong Q2 guidance has been introduced due to reliable performances across all three segments amidst uncertainty in global macroeconomic and geopolitical situations.
- The expressed stock market sentiment is 12 buys, 7 holds and 1 sell on Pentair shares.
A look at Pentair Plc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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 at Smartkarma have rated Pentair Plc based on various factors that determine its long-term outlook. Pentair received a score of 4 for Growth, indicating positive prospects for expanding its business operations in the future. This suggests that the company is poised for potential growth and development in the industry.
Furthermore, with a Momentum score of 4, Pentair demonstrates strong market momentum, which could translate to continued success in terms of stock performance and investor confidence. While the Value, Dividend, and Resilience scores are moderate, the high ratings in Growth and Momentum bode well for Pentair’s future performance in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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