WASHINGTON (dpa-AFX) - (Adds Outlook)
For the second quarter, Pentair Plc (PNR) sees adjusted EPS to be in the range of $0.98 to $1.01. Sales are expected to be to be up approximately 11%-13%.
On averge, 16 analysts polled by Thomson Reuters expect the company to report earnings of $1.00 per share on sales growth of 12.8% for the quarter.
For the ful year, Pentair expects earnings to be $3.70 to $3.80 per share, excluding items. The consensus estimate stands at $3.74.
The company raised its full-year sales growth guidance to about 9%-11% from the prior outlook of 6%-9%. Analysts expectation is for 7.3% growth.
For the first quarter, Pentair reported a profit that decreased from the same period last year in line with the Street estimates.
The company's bottom line came in at $117.6 million, or $0.70 per share. This compares with $128.6 million, or $0.77 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.4% to $999.6 million from $865.9 million last year.
Pentair plc earnings at a glance (GAAP) :
-Earnings (Q1): $117.6 Mln. vs. $128.6 Mln. last year. -EPS (Q1): $0.70 vs. $0.77 last year. -Analyst Estimates: $0.81 -Revenue (Q1): $999.6 Mln vs. $865.9 Mln last year.
-Guidance: Next quarter EPS guidance: Adj; $0.98 to $1.01 Full year EPS guidance: Adj; $3.70 to $3.80
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