Xylem (XYL) Reports Earnings Tomorrow: What To Expect
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Water technology company Xylem (NYSE:XYL) will be announcing earnings results this Tuesday morning. Here's what to look for. Xylem beat analysts' revenue expectations last quarter, reporting revenues of $2.13 billion, up 2.7% year on year. It was a strong quarter for the company, with a solid beat of analysts' EBITDA estimates and full-year revenue guidance slightly topping analysts' expectations. Is Xylem a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Xylem's revenue to grow 1.7% year on year, slowing from the 6.1% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Xylem rarely misses Wall Street's revenue estimates. Looking at Xylem's peers in the industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 24.5%, beating analysts' expectations by 6%, and 3M reported revenues up 5.6%, topping estimates by 1.5%. GE Aerospace traded down 3.2% following the results while 3M was up 7.3%. Read our full analysis of GE Aerospace's results here and 3M's results here. Over the last year or so, investors'...
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