Analyst Consensus ?
ConsensusHold39 ratings
Bullish1948.7%
Neutral1948.7%
Bearish12.6%
Xylem Inc. · XYL · FY2024 Q3 · Calendar Q4 2024
Xylem Q3: Record Margins Offset Modest Revenue Growth
Xylem's Q3 showed strong profitability and order momentum despite modest top-line growth. The next test is converting backlog and integration efforts into durable growth while managing project timing and China risk.
Reported Before market openNYSEIndustrials
$24.30B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.11
Consensus $1.11
EPS surprise
0.0%
Reported versus consensus
Reported revenue
$2.10B
Consensus $2.17B
Revenue surprise
-3.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.5%
Event window
SPY move
-2.0%
Same window
Abnormal move
-4.5%
Stock minus SPY
Volume
3.3×
Versus trailing sessions
Subsequent drift
+4.1%
Up to 20 sessions
XYLSPY benchmark
Ask FN2 about XYL FY2024 Q3
Transcript, numbers and history already loaded
Why did XYL fall 6.5% after beating EPS estimates in FY2024 Q3?What changed in XYL's guidance and outlook in FY2024 Q3?Give me the bull and bear case for XYL after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis added record EBITDA margin and EPS, a robust $5.3 billion backlog with book-to-bill above 1, and the planned majority-stake acquisition of Idrica. Evoqua integration remained ahead of schedule, while full-year guidance was narrowed and maintained.
Guidance delta
Maintained; full-year guidance was narrowed, with the EPS midpoint maintained.
Key takeaways
- Profitability was strong, with record EBITDA margin and EPS highlighted in the call analysis.
- Backlog remained robust, with book-to-bill above 1, while project timing limited top-line growth.
- Evoqua integration continued and Idrica adds a utility data-analytics platform to the portfolio.
- The main watchpoints are project timing, China demand, and Applied Water performance.
Management priorities
- Advance Evoqua integration and cost-synergy capture
- Implement 80/20 portfolio simplification and operational-efficiency programs
- Expand smart metering and Idrica-enabled utility data solutions
- Use pricing, productivity, and portfolio optimization to support margin expansion
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$103.61Current
$107Low
$146.81Average
$170High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Mizuho | Neutral | Neutral | Maintain | Oct 15, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 14, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Oct 14, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 12, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 24, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 29, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 16, 2026 |
| TD Cowen | Hold | Hold | Maintain | Dec 5, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Dec 12, 2024 |
| Argus Research | Buy | Buy | Maintain | May 29, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Nov 21, 2023 |
| Melius Research | Buy | Hold | Upgrade | Oct 2, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 14, 2023 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jan 18, 2023 |
| Raymond James | Underperform | Market Perform | Downgrade | Jan 4, 2023 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Nov 16, 2022 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 3, 2022 |
| Credit Suisse | Neutral | Neutral | Maintain | Nov 2, 2022 |
| Rosenblatt | Hold | Buy | Downgrade | Oct 1, 2021 |
| Janney Montgomery Scott | Neutral | Neutral | Maintain | Jun 3, 2020 |
| Janney Capital | Neutral | Neutral | Maintain | Jun 3, 2020 |
| Canaccord Genuity | Hold | Hold | Maintain | Feb 7, 2020 |
| Seaport Global | Neutral | Buy | Downgrade | Nov 4, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 3, 2019 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 31, 2018 |
| Vertical Research | Hold | Sell | Upgrade | Oct 18, 2018 |
| Boenning & Scattergood | Neutral | Outperform | Downgrade | Nov 28, 2016 |
| Wedbush | Neutral | Outperform | Downgrade | Apr 11, 2016 |
| Sterne Agee CRT | Buy | Neutral | Upgrade | Apr 5, 2016 |
| Sterne Agee | Buy | Neutral | Upgrade | Apr 5, 2016 |
| DA Davidson | Neutral | Neutral | Maintain | Oct 29, 2014 |
| KeyBanc | Hold | Buy | Downgrade | Oct 30, 2013 |
| Brean Capital | Buy | Hold | Upgrade | Oct 29, 2013 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 30, 2013 |
| CL King | Neutral | Buy | Downgrade | Apr 15, 2013 |
| Ladenburg Thalmann | Neutral | Buy | Downgrade | Oct 18, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $103.6. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | William Grippin | $139 | $102.59 | +34.2% | Oct 13, 2026 |
| UBS | Analyst unavailable | $112 | $101.84 | +8.1% | Oct 5, 2026 |
| Jefferies | Analyst unavailable | $150 | $113.87 | +44.8% | Aug 24, 2026 |
| UBS | Analyst unavailable | $138 | $121.93 | +33.2% | Aug 13, 2026 |
| UBS | Joshua Spector | $135 | $116.48 | +30.3% | Jul 30, 2026 |
| Mizuho Securities | Analyst unavailable | $130 | $124.97 | +25.5% | Jul 29, 2026 |
| Stifel Nicolaus | Analyst unavailable | $160 | $124.97 | +54.4% | Jul 29, 2026 |
| Robert W. Baird | Michael Halloran | $165 | $124.97 | +59.3% | Jul 29, 2026 |
| Barclays | Analyst unavailable | $159 | $124.97 | +53.5% | Jul 29, 2026 |
| Stifel Nicolaus | Analyst unavailable | $157 | $122.78 | +51.5% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $159 | $124.53 | +53.5% | Jul 16, 2026 |
| Jefferies | Stephen Volkmann | $140 | $112.04 | +35.1% | Jun 25, 2026 |
| UBS | Analyst unavailable | $133 | $116.4 | +28.4% | Apr 29, 2026 |
| Oppenheimer | Bryan Blair | $158 | $116.4 | +52.5% | Apr 29, 2026 |
| Stifel Nicolaus | Analyst unavailable | $159 | $117.91 | +53.5% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $154 | $117.91 | +48.6% | Apr 29, 2026 |
| UBS | Analyst unavailable | $132 | $120.46 | +27.4% | Apr 21, 2026 |
| Stifel Nicolaus | Nathan Jones | $163 | $128.85 | +57.3% | Apr 14, 2026 |
| UBS | Joshua Spector | $152 | $129.4 | +46.7% | Apr 9, 2026 |
| UBS | Joshua Spector | $155 | $128.2 | +49.6% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $165 | $127.02 | +59.3% | Feb 12, 2026 |
| Goldman Sachs | Analyst unavailable | $158 | $126.77 | +52.5% | Feb 11, 2026 |
| Mizuho Securities | Analyst unavailable | $138 | $128.18 | +33.2% | Feb 11, 2026 |
| Stifel Nicolaus | Analyst unavailable | $175 | $128.92 | +68.9% | Feb 11, 2026 |
| Robert W. Baird | Analyst unavailable | $161 | $128.92 | +55.4% | Feb 11, 2026 |
| Barclays | William Grippin | $166 | $141.33 | +60.2% | Jan 7, 2026 |
| Mizuho Securities | Brett Linzey | $150 | $137.11 | +44.8% | Jan 5, 2026 |
| Stifel Nicolaus | Analyst unavailable | $178 | $153.42 | +71.8% | Oct 29, 2025 |
| Argus Research | Analyst unavailable | $170 | $153.4 | +64.1% | Oct 29, 2025 |
| Mizuho Securities | Brett Linzey | $160 | $150.5 | +54.4% | Oct 29, 2025 |
| RBC Capital | Analyst unavailable | $176 | $153.48 | +69.9% | Oct 29, 2025 |
| Robert W. Baird | Michael Halloran | $178 | $153.48 | +71.8% | Oct 29, 2025 |
| Barclays | William Grippin | $172 | $150.5 | +66.0% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $165 | $142.18 | +59.3% | Sep 18, 2025 |
| UBS | Analyst unavailable | $168 | $143.61 | +62.2% | Aug 5, 2025 |
| UBS | Damian Karas | $165 | $127.5 | +59.3% | Aug 13, 2024 |
| Robert W. Baird | Michael Halloran | $170 | $133.48 | +64.1% | Jul 31, 2024 |
| Oppenheimer | Bryan Blair | $152 | $139.4 | +46.7% | May 31, 2024 |
| Argus Research | John Eade | $165 | $140.36 | +59.3% | May 29, 2024 |
| Mizuho Securities | Brett Linzey | $135 | $135.99 | +30.3% | May 3, 2024 |
| RBC Capital | Deane Dray | $162 | $135.99 | +56.4% | May 3, 2024 |
| Robert W. Baird | Michael Halloran | $155 | $135.99 | +49.6% | May 3, 2024 |
| Wolfe Research | Brad Hewitt | $143 | $128.27 | +38.0% | Apr 8, 2024 |
| RBC Capital | Deane Dray | $153 | $127.25 | +47.7% | Apr 4, 2024 |
| Stifel Nicolaus | Nathan Jones | $133 | $99.8 | +28.4% | Aug 18, 2023 |
| Citigroup | Analyst unavailable | $121 | $106.85 | +16.8% | Feb 8, 2023 |
| Citigroup | Analyst unavailable | $123 | $111.23 | +18.7% | Dec 9, 2022 |
| Atlantic Equities | Richard Radbourne | $129 | $112.13 | +24.5% | Nov 16, 2022 |
| Loop Capital Markets | Scott Graham | $120 | $127.19 | +15.8% | Nov 22, 2021 |
| Argus Research | John Eade | $150 | $129.82 | +44.8% | Nov 12, 2021 |
| Citigroup | Andrew Kaplowitz | $131 | $125.7 | +26.4% | Aug 4, 2021 |
| Goldman Sachs | Brian K. Lee | $107 | $116.2 | +3.3% | May 5, 2021 |
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Start freeCompany context
Snapshot as of publicationXylem Inc., together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for utility, industrial, and residential and commercial building services settings worldwide. It operates through Water Infrastructure; Applied Water; Measurement and Control Solutions; and Water Solutions and Services segments. The company offers water, wastewater, and storm water pumps and controls and systems; filtration, disinfection, and biological treatment equipment under the Flygt, Ionpure, Leopold, Neptune Benson, Sanitare, Wallace & Tiernan, and Wedeco brands; and pumps, valves, heat exchangers, controls, and dispensing equipment used for water and focuses on the residential, commercial and industrial markets under the Rule, Bell & Gossett, Flojet, Goulds Water Technology, Jabsco, and Lowara brands.…
Historical context
All XYL earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBHT J.B. Hunt Transport Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.0% | J.B. Hunt: Strong demand, but margin repair remains central |
| FAST Fastenal Company | FY2026 Q3 · Calendar Q4 2026 | +3.3% | +1.1% | Fastenal Q3: Share Gains and Digital Adoption Lift Growth |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-19T13:40:51.943128+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T13:40:51.937685+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.