What To Expect From Zurn Elkay’s (ZWS) Q1 Earnings

ZWS Cover Image

Water management solutions company Zurn Elkay (NYSE: ZWS) will be reporting results tomorrow after market hours. Hereโ€™s what you need to know.

Zurn Elkay beat analystsโ€™ revenue expectations by 0.9% last quarter, reporting revenues of $370.7 million, up 3.9% year on year. It was a mixed quarter for the company, with an impressive beat of analystsโ€™ EPS estimates but a significant miss of analystsโ€™ organic revenue estimates.

Is Zurn Elkay a buy or sell going into earnings? Read our full analysis here, itโ€™s free.

This quarter, analysts are expecting Zurn Elkayโ€™s revenue to grow 2.5% year on year to $383.3 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.

Zurn Elkay Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zurn Elkay has missed Wall Streetโ€™s revenue estimates twice over the last two years.

Looking at Zurn Elkayโ€™s peers in the building products segment, only Insteel has reported results so far. It beat analystsโ€™ revenue estimates by 7.2%, delivering year-on-year sales growth of 26.1%.

Read our full analysis of Insteelโ€™s earnings results here.

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