Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Watts Water Technologies (WTS)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-11-04
$353.30-1.95%
Close 2026-11-04 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
14.04 → 14.03 EPS · FY ending Dec 31, 2027 · 5 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 5 to 5; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for WTS yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Gross margin near 18% in 2025 | A supporting condition in Watts Water Technologies's published investment case. The stated target is >=18.1% gross margin. | Intact | Gross margin falls below 18.1% in FY25 | Gross margin: 49.02% FY2026-Q2; GAAP. Published target: >=18.1% gross margin. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202649.017296 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
WTS looks like a growth-oriented industrial business with improving operating performance, rather than a turnaround. Its multi-year view is intact: recent financial results have remained in the top half of its industry, and management is delivering on its stated priorities.
Valuation is at a 1.54 premium to peers, with a durable premium identified as the main driver. The expectations gap is modest, and the evidence describes the premium as justified, with low fragility. Valuation has risen recently, so expectations bear watching even though the evidence does not indicate an unusually fragile setup.
Near-term results have been strong: revenue and operating income increased, margins improved, and organic sales growth was 12% in both 2026-Q1 and Q2. Management is on track with priorities for growth, margins, and cash generation, while the industrial sector backdrop is a headwind. Near-term miss risk is described as low, but peers have recently missed and WTS has a history of a deep miss.
The multi-year thesis depends on continued revenue growth, margin progress, and disciplined cash generation. A reversal and guidance cut after the recent increase would damage management credibility. Industrial peers’ earnings and guidance are also important signals: continued strength could support the sector backdrop, while weaker results could remove that support.
Over the next 1 to 3 years, WTS’s long-term thesis rests on sustaining its recent execution while navigating a weaker sector backdrop and a higher valuation. The evidence is supportive, but confidence is medium and guidance credibility and peer trends remain key swing factors. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Watts Water Technologies's published investment case. The stated target is >=18.8% operating margin. |
| Intact |
| Operating margin falls below 18.8% in FY26 |
Operating margin: 20.18% FY2026-Q2; GAAP. Published target: >=18.8% operating margin. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202620.178197 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue growth between 8% and 12% in 2026 | A primary condition in Watts Water Technologies's published investment case. The stated target is 8% to 12% growth in 2026. | Intact | YoY revenue growth falls below 8% in FY26 | Revenue growth: 18.56% FY2026-Q2; GAAP. Published target: 8% to 12% growth in 2026. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202618.564549 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 3 of 4 supplied quarters. Management reported: “Sales growth is expected to range from up 14% to up 17% on a reported basis and up 8% to up 11% on an organic basis.” “Full year operating margin is expected to be between 19.4% and 20.0%, or up 100 basis points to up 160 basis points, and adjusted operating margin is expected to be between 19.8% and 20.4%, or up 20 basis points to up 80 basis points.” Revenue was $763.200 million in 2026-Q2. Delivery assessment Nov 4, 2026 |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$13.19 → $14.03 · observed estimates
$2.89B → $2.99B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-07-25 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-07-26 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-07-27 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-07-28 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-07-29 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-07-30 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-07-31 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-08-01 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-08-02 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-08-03 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-08-04 | $13.19 | $2,891,395,410 | 10 / 10 |
| 2026-08-05 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-08-06 | $13.19 | $2,891,434,100 | 6 / 7 |
| 2026-08-08 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-09 | $13.90 | $2,978,934,610 | 10 / 10 |
| 2026-08-10 | $13.90 | $2,978,934,610 | 10 / 10 |
| 2026-08-12 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-13 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-14 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-15 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-16 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-17 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-18 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-19 | $13.26 | $2,899,380,316 | 6 / 7 |
| 2026-08-20 | $14.09 | $3,003,693,600 | 7 / 7 |
| 2026-08-21 | $14.09 | $3,003,693,600 | 7 / 7 |
| 2026-08-22 | $14.09 | $3,003,693,600 | 7 / 7 |
| 2026-08-23 | $14.09 | $3,003,693,600 | 6 / 7 |
| 2026-08-24 | $14.03 | $2,996,881,778 | 6 / 7 |
| 2026-08-25 | $14.03 | $2,996,881,778 | 6 / 7 |
| 2026-08-26 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-08-27 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-08-28 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-08-29 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-08-30 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-08-31 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-09-01 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-09-02 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-09-03 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-09-04 | $14.03 | $2,996,881,778 | 6 / 6 |
| 2026-09-05 | $14.04 | $2,993,304,500 | 6 / 6 |
| 2026-09-06 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-07 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-08 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-09 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-10 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-11 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-12 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-13 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-14 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-15 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-16 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-17 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-18 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-19 | $14.04 | $2,993,304,500 | 5 / 6 |
| 2026-09-20 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-21 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-22 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-23 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-24 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-25 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-26 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-27 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-28 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-29 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-09-30 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-01 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-02 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-03 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-04 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-05 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-06 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-07 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-08 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-09 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-10 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-11 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-12 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-13 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-14 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-15 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-16 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-17 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-18 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-19 | $14.04 | $2,993,254,500 | 5 / 6 |
| 2026-10-20 | $14.03 | $2,990,217,000 | 5 / 6 |
| 2026-10-21 | $14.03 | $2,990,217,000 | 5 / 6 |
| 2026-10-22 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-23 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-24 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-25 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-26 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-27 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-28 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-29 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-30 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-10-31 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-11-01 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-11-02 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-11-03 | $14.03 | $2,990,267,000 | 5 / 6 |
| 2026-11-04 | $14.03 | $2,990,267,000 | 5 / 6 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 3 Buy / Strong Buy · 7 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
1 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.