5 Reasons To Add Pentair (PNR) Stock To Your Portfolio Now
Zacks Investment Research | May 30, 2017 10:06PM ET
Shares of diversified industrial manufacturing company, Pentair plc (NYSE:PNR) , have been performing well of late. If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead. The Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 11.41%.
Estimates Moving Up
Earnings estimates for fiscal 2017 and 2018 for Pentair have moved up in the past 60 days, reflecting the optimistic outlook of analysts.
The estimate for fiscal 2017 has inched up 1% to $3.52, reflecting a year-over-year growth of 15.32%. The Zacks Consensus Estimate for earnings for fiscal 2018 has also moved north 2% to $3.90, a year-over-year growth of 10.93%.
Positive Earnings Surprise History
Pentair has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 5.29%.
Ahead of the Industry
Year to date, Pentair has outperformed the Zacks classified Original post
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