ITT (ITT) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for ITT, with a focus on how actual results compare to estimates, which could significantly impact stock price [1][2]. Earnings Expectations - ITT is expected to report quarterly earnings of $1.46 per share, reflecting a +9$927.16 million, an increase of 11.8% from the previous year [3]. - The consensus EPS estimate has been revised 0.68% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for ITT is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.80%, indicating a bullish outlook [10]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, which increases the likelihood of a positive surprise to nearly 70% [8]. Historical Performance - In the last reported quarter, ITT exceeded the expected earnings of $1.43 per share by delivering$1.46, resulting in a surprise of +2.10% [12]. - Over the past four quarters, ITT has beaten consensus EPS estimates three times, showcasing a consistent ability to exceed expectations [13]. Conclusion - ITT is positioned as a compelling candidate for an earnings beat, but investors should consider other influencing factors beyond earnings results when making investment decisions [16].