Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at water infrastructure stocks, starting with Energy Recovery (NASDAQ:ERII).
Let’s dig into the relative performance of Watts Water Technologies (NYSE:WTS) and its peers as we unravel the now-completed Q4 water infrastructure earnings season.
Mueller Water Products has had an impressive run over the past six months as its shares have beaten the S&P 500 by 22.7%. The stock now trades at $25.11, marking a 29.7% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Tennant (NYSE:TNC) and the rest of the water infrastructure stocks fared in Q4.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how water infrastructure stocks fared in Q4, starting with Xylem (NYSE:XYL).
Water infrastructure products manufacturer Mueller Water Products announced better-than-expected revenue in Q4 CY2024, with sales up 18.7% year on year to $304.3 million. The company’s full-year revenue guidance of $1.38 billion at the midpoint came in 1.8% above analysts’ estimates. Its non-GAAP profit of $0.25 per share was 29.3% above analysts’ consensus estimates.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the water infrastructure industry, including Mueller Water Products (NYSE:MWA) and its peers.
Mueller Water Products has had an impressive run over the past six months as its shares have beaten the S&P 500 by 23.1%. The stock now trades at $24.96, marking a 37.3% gain. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Watts Water Technologies (NYSE:WTS) and its peers.
