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 records a negative average earnings surprise of 0.02%.
Currently, XYL has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2018 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted Earnings came in at 51 cents per share, in line the Zacks Consensus Estimate.
Revenue: Revenues of $1,217 million came above the Zacks Consensus Estimate of $1,179 million.
Key Stats: XYL has reaffirmed its 2018 revenue guidance at the $5.1-$5.2 billion range (estimating a year over year growth of 8-10%). Organically top line results are predicted to grow 4-6%. The company has also reiterated its adjusted earnings view at the of $2.82-$2.97 per share range for 2018.
Stock Price: As of Apr 30, 2018, XYL's closed the trading session at $72.90 per share.
Xylem Inc. Price
Shares price 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!
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