Watts Water Technologies, Inc. (WTS) shares increased by 3.3%, closing at $260.91 in the latest trading session, supported by above-average trading volume. This rise follows a 0.7% gain over the past month, with performance driven by strong product momentum in the Americas and APMEA regions despite challenges in Europe.
For the upcoming quarter, Watts Water is expected to report earnings of $2.68 per share, reflecting a year-over-year increase of 8.9%, alongside revenues projected at $606.7 million, which is a 1.6% rise from the previous year.
In the past 30 days, the consensus EPS estimate has been revised 1.4% higher, indicating a positive trend that typically correlates with stock price appreciation. Watts Water currently holds a Zacks Rank of #2 (Buy).
