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HomeBusinessPentair Shares Gain 13 percent Since Q4 Results Announcement

Pentair Shares Gain 13 percent Since Q4 Results Announcement

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Pentair (NYSE:PNR) shares gained more than 13% since the company’s reported Q4 results Tuesday morning, with EPS of $0.82 beating the Street estimate of $0.79. Revenue was $1 billion, better than the Street estimate of $993.69 million.
The company initiated a reasonably conservative 2023 guidance framework and elevated its 2025 ROS target based on the run-rate traction and visibility of transformation initiatives. For fiscal 2023, the company expects EPS in the range of $3.50-$3.70, compared to the Street estimate of $3.59.
According to the analysts at Oppenheimer, the market continues to under-appreciate/undervalue the resilience of Pentair’s diversified and replacement-weighted portfolio and its steadily improving through-the-cycle earnings power. The analysts raised their price target to $67 from $65 while maintaining their Outperform rating.

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