Pentair (PNR) Up 6.3% Since Last Earnings Report: Can It Continue?

Zacks11-22

A month has gone by since the last earnings report for Pentair plc (PNR). Shares have added about 6.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up...

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Shares have added about 6.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up...</p>\n\n<a href=\"https://finance.yahoo.com/news/pentair-pnr-6-3-since-163037267.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pentair (PNR) Up 6.3% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPentair (PNR) Up 6.3% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 00:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pentair-pnr-6-3-since-163037267.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Pentair plc (PNR). Shares have added about 6.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up...</p>\n\n<a href=\"https://finance.yahoo.com/news/pentair-pnr-6-3-since-163037267.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PNR","symbol_name":"滨特尔","start_time":0,"source_url":"https://finance.yahoo.com/news/pentair-pnr-6-3-since-163037267.html","article_id":"2485445141","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0K2vxHTAGj_tGrBqjPJ8Cg--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f889276f4a638f3c7a79c0e3e6b768c1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485445141","pubTimestamp":1732206637,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Pentair plc . Shares have added about 6.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Pentair due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.Pentair Beats Q3 Earnings & Sales Estimates, Raises '24 Outlook. Pentair has reported third-quarter 2024 adjusted earnings per share  of $1.09, beating the Zacks Consensus Estimate of $1.07. The bottom line also surpassed the company’s guidance of $1.06-$1.08 and improved 14% from the 94 cents reported in the prior year.Net sales declined 1.5% year over year to $993 million in the quarter under review. However, the top line surpassed the Zacks Consensus Estimate of $990 million. Excluding the impacts of acquisitions, divestitures and currency trans","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PNR":"滨特尔"},"translate_title":"Pentair(PNR)自上次收益报告以来上涨6.3%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNR":1},"content_text":"A month has gone by since the last earnings report for Pentair plc (PNR). Shares have added about 6.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Pentair due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. \nPentair Beats Q3 Earnings & Sales Estimates, Raises '24 Outlook\nPentair has reported third-quarter 2024 adjusted earnings per share (EPS) of $1.09, beating the Zacks Consensus Estimate of $1.07. The bottom line also surpassed the company’s guidance of $1.06-$1.08 and improved 14% from the 94 cents reported in the prior year.\nIncluding one-time items, EPS was 84 cents compared with the prior-year quarter’s 79 cents.\nNet sales declined 1.5% year over year to $993 million in the quarter under review. However, the top line surpassed the Zacks Consensus Estimate of $990 million. Excluding the impacts of acquisitions, divestitures and currency translation, core sales declined 1% in the quarter.\nThe cost of sales declined 5.8% year over year to $600 million. The gross profit in the reported quarter was $393 million, up 5.8% from the prior-year quarter. The gross margin was 39.6% compared with the year-ago quarter’s 36.9%.\nSG&A expenses totaled $190 million, which rose 14.6% from the prior-year quarter’s $166 million. Research and development expenses moved down 10.2% year over year to $22.9 million.\nThe operating income in the quarter was $180 million, flat compared with the year-ago quarter. Operating margin was 18.1% in the quarter compared with 17.9% in the year-ago quarter.\nThe adjusted segmental operating income increased 12.8% year over year to $239 million. The adjusted segmental margin was 24.1% in the reported quarter compared with the year-ago quarter’s 21%.\nQ3 Segmental Performance\nNet sales in the Flow segment totaled $372 million, down 7% from the prior-year quarter. Operating earnings for the segment rose 6.8% year over year to $83 million. \nNet sales in the Water Solutions segment fell 3.3% year over year to $290 million. The segment’s earnings were $64 million compared with $69 million in the year-ago quarter. \nNet sales in the Pool segment totaled $331 million in the quarter, up 7.3% year over year. Operating earnings for the segment grew 24.4% year over year to $112.7 million.\nCash Flow & Balance Sheet Updates\nPentair had cash and cash equivalents of around $218 million at the end of the third quarter compared with $170 million at 2023-end. Net cash generated from operating activities was $680.4 million in the first nine months of the current year compared with $502.3 million in the prior-year period. The company had a long-term debt of $1.63 billion as of Sept. 30, 2024, down from $1.99 billion as of Dec. 31, 2023.\nOn Sept. 23, 2024, Pentair announced that it would pay out a regular quarterly cash dividend of 23 cents per share on Nov. 1, 2024, to shareholders of record at the close of business on Oct. 18, 2024.PNR repurchased 0.6 million of its shares for $50 million in the third quarter. As of Sept. 30, 2024, the company had $500 million available under its share repurchase authorization.\nGuidance for Q4 & 2024\nThe company expects an adjusted EPS of $4.27 for 2024, up from the earlier stated $4.25. The updated guidance indicates growth of 14% from the adjusted EPS of $3.75 reported in 2023.\nSales in 2024 are expected between flat and down 1% on a reported basis from the 2023 reported level.\nFor the fourth quarter, the company expects an adjusted EPS of $1.02. Pentair anticipates the quarter’s sales to decline 1-2% from the year-ago quarter’s reported figure. \nHow Have Estimates Been Moving Since Then?\nIt turns out, estimates revision have trended upward during the past month.\nVGM Scores\nCurrently, Pentair has an average Growth Score of C, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been trending upward for the stock, and the magnitude of these revisions has been net zero. Notably, Pentair has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPentair plc (PNR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485445141"}