Pentair plc. (NYSE:PNR) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PNR to report 3Q20 income of $ 0.51 per share.
For the full year, analysts anticipate top line of $ 2829.55 million, while looking forward to income of $ 2.22 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,800.00 million ~ $ 2,800.00 million, where as bottomline are predicted in a range of $ 2.00 ~ $ 2.20 per share
Click Here For More Historical Outlooks Of Pentair plc.
Previous Quarter Performance
Pentair plc. unveiled income for the second quarter of $ 0.59 per share, from the revenue of $ 713.30 million. The quarterly earnings down 14.49 percent while revenues fell 10.78 percent compared with the same quarter last year.
Wall street analysts are predicting, PNR to report 2Q20 income of $ 0.49 per share from revenue of $ 684.08 million. The bottom line results beat street analysts by $ 0.1 or 20.41 percent, at the same time, top line results outshined analysts by $ 29.22 million or 4.27 percent.
Stock Performance
Shares of Pentair plc. traded low $ -0.64 or -1.28 percent on Monday, reaching $ 49.26 with volume of 1.12 million shares. Pentair plc. has traded high as $ 49.89 and has cracked $ 48.98 on the downward trend
According to the previous trading day, closing price of $ 49.26, representing a 126.72 % increase from the 52 week low of $ 22.01 and a 1.34 % decrease over the 52 week high of $ 50.58.
The company has a market capital of $ 8.17 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 14th October 2020, downgraded by KeyBanc to Sector Weight from Overweight rating.
- On 14th September 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 51.00 target price.
Conference Call
Pentair plc. will be hosting a conference call at 9:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pentair.com
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
