Can ITT Beat These Numbers?
ITT (NYS: ITT) is expected to report Q2 earnings on Aug. 3. 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 ITT's revenues will contract -81.2% and EPS will decrease -84.3%.
The average estimate for revenue is $569.7 million. On the bottom line, the average EPS estimate is $0.37.
Last quarter, ITT booked revenue of $577.0 million. GAAP reported sales were 8.3% higher than the prior-year quarter's $533.0 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 $0.39. GAAP EPS of $0.03 for Q1 were 98% lower than the prior-year quarter's $1.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.0%, 150 basis points worse than the prior-year quarter. Operating margin was 9.5%, 290 basis points worse than the prior-year quarter. Net margin was 0.5%, 2,220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.25 billion. The average EPS estimate is $1.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 344 members out of 367 rating the stock outperform, and 23 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give ITT a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ITT is outperform, with an average price target of $25.25.
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The article Can ITT Beat These Numbers? 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.The Motley Fool has a disclosure policy.
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