Rye Brook, New York-based Xylem Inc.XYL is a prominent diversified machinery firm, conducting trade in the industrial goods sector. The company manufactures and designs specialized engineered technologies for the wastewater and water purposes. XYL shares high brand value in the market but is also exposed to certain risks of external market uncertainties. For the last four trailing quarters Xylem has a track record of generating a positive average beat of 2.13%.
Currently, XYL has a Zacks Rank #2 (Buy) but that could change following its first-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 35 cents per share, a penny higher than the Zacks Consensus Estimate.
Revenue: Revenues of $847 million came above the Zacks Consensus Estimate of $832 million.
Key Stats: XYL is accelerating its business performance on the back of strong project execution. The company aims to invest more in new strategic growth projects for augmenting shareholders' value in the near future. Full year 2016 adjusted EPS is expected to lie within the range of $1.98-$2.08 per share. While revenues for full year is expected to be roughly $3.7 billion.
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this XYL earnings report later!