Xylem Earnings Report Preview: Analysts Forecast 3% Revenue Growth
Company Overview:
Xylem (NYSE:XYL) is a water technology company that provides solutions for industrial, municipal, and residential applications.
Key Points:
* Xylem is set to release its fourth-quarter earnings results tomorrow morning.
* Analysts expect revenue to increase by 3% year-over-year to $2.18 billion.
* Adjusted earnings per share are expected to come in at $1.13.
* Analysts' estimates have remained largely unchanged over the past 30 days, indicating stable expectations.
* Xylem has missed Wall Street's revenue targets three times in the past two years.
* Peers in the industrial machinery segment have reported positive revenue growth in their latest quarters.
* Xylem's share price is up 5.1% over the past month and trades at an average analyst price target of $143.83.
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