Pentair Earnings: Here’s Why the Stock is Down Now

Pentair, Inc. (NYSE:PNR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.21%.

Pentair, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.84% to $0.92 in the quarter versus EPS of $0.83 in the year-earlier quarter.

Revenue: Rose 108.6% to $1.96 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Pentair, Inc. reported adjusted EPS income of $0.92 per share. By that measure, the company beat the mean analyst estimate of $0.9. It beat the average revenue estimate of $1.95 billion.

Quoting Management: “Our strong second quarter performance highlighted the diversity of the Pentair portfolio as a North American residential recovery and strength in the food and beverage and energy verticals helped to offset challenges in the infrastructure and industrial verticals,” said Randall J. Hogan, Pentair Chairman and Chief Executive Officer. “Our robust margin expansion demonstrated both productivity and delivering on our integration and standardization synergies.”

Key Stats (on next page)…

Revenue increased 10.71% from $1.77 billion in the previous quarter. EPS increased 58.62% from $0.58 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.94 to a profit $0.9. For the current year, the average estimate has moved up from a profit of $3.2 to a profit of $3.22 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]