ITT (ITT) Q4 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - ITT reported quarterly earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of$ 1.47 per share, and up from $1.34 per share a year ago, representing an earnings surprise of 2.04% [1] - The company posted revenues of$ 929 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.23%, compared to year-ago revenues of $829.1 million [2] - Over the last four quarters, ITT has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - ITT shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the coming quarter is$ 1.48 on revenues of $953.52 million, and for the current fiscal year, it is$ 6.48 on revenues of $3.82 billion [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Diversified Operations sector is currently in the bottom 36% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]