Why Is Watts Water (WTS) Down 7% Since Last Earnings Report?

A month has gone by since the last earnings report for Watts Water (WTS) . Shares have lost about 7% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Watts Water due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, es ...