Does the Street Have Mueller Water Products Figured Out?
Mueller Water Products (NYS: MWA) is expected to report Q3 earnings on July 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Mueller Water Products' revenue will drop 25.3%.
The average estimate for revenue is $274.1 million. On the bottom line, the average EPS estimate is $0.05.
Last quarter, Mueller Water Products chalked up revenue of $251.5 million. GAAP reported sales were 6.8% higher than the prior-year quarter's $235.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.01. GAAP EPS were -$0.70 for Q2 compared to -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 24.7%, about the same as the prior-year quarter. Operating margin was 4.6%, about the same as the prior-year quarter. Net margin was -43.7%, 3,790 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.07 billion. The average EPS estimate is $0.04.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is outperform, with an average price target of $3.46.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Mueller Water Products. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Mueller Water Products to My Watchlist.
The article Does the Street Have Mueller Water Products Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.