Pentair plc (PNR), an industrial company, recently reported a rise in profit for its fourth quarter as compared to the same period last year, thereby exceeding Street estimates.
The company disclosed earnings of $208.0 million, which translates to $1.25 per share. This is a significant increase when compared to the $95.0 million, or $0.57 per share, reported in the corresponding quarter of the previous year.
When excluding particular items, Pentair conveyed adjusted earnings of $145.8 million, or $0.87 per share for this quarter. On average, analysts anticipated the company to yield earnings of $0.86 per share according to data collected by Thomson Reuters. It's worth mentioning that these estimates usually omit special items.
The revenue generated by the company in this quarter fell slightly by 1.5%, amounting to $984.6 million, down from the $1.00 billion recorded last year.
Pentair's earnings at a glance, following the Generally Accepted Accounting Principles, are as follows:
- Fourth-quarter earnings: $208.0 million Vs. $95.0 million last year.
- Fourth-quarter EPS: $1.25 Vs. $0.57 last year.
- Analyst Estimate: $0.86
- Fourth-quarter Revenue: $984.6 million Vs. $1.00 billion last year.
As for the future prospects, Pentair's guidance for next quarter's EPS ranges from $0.88 to $0.91.
