Companhia de Saneamento Basico do Estado de Sao Paulo (SBS - Free Report) or SABESP's net income in first-quarter 2019 improved 11.5% year over year to R$647.3 million ($164.9 million). The company’s earnings per share (EPS) totaled R$0.91, up from the year-ago figure of R$0.85.
Considering the ADR equivalent of EPS, the bottom line in the reported quarter was 25 cents, lagging the Zacks Consensus Estimate of 28 cents by 10.7%. Also, the reported figure declined 3.8% from the year-ago level of 26 cents.
Total Revenues
In the reported quarter, SABESP's net operating revenues (including construction revenues) were R$3,878.5 million ($1,029 million), up 4.8% year over year. Moreover, the figure surpassed the Zacks Consensus Estimate of $1,001 million by 2.8%.
Highlights of the Release
In the first quarter, costs and expenses, including construction costs, totaled R$2,156.4 million ($549.2 million), increasing 7.9% year over year.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were R$1,544.7 million ($393.4 million), increasing 10.4% from the prior-year quarter.
Billed water and sewage volumes in first-quarter 2019 grew 3.1% year over year to 972.4 million cubic meters.
Balance Sheet & Cash Flow
As of Mar 31, 2019, SABESP's cash and cash equivalents were R$2,205.1 million ($561.8 million), down from R$3,029.1 million ($780.1 million) at the end of 2018.
During the first quarter of 2019, cash generation from operating activities was R$1,493.5 million ($380.4 million) versus R$1,557.1 million a year ago.
Zacks Rank
SABESP currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Water Supply Utilities’ Release
Here are some other players from the water utility space that have reported first-quarter earnings. Global Water Resources (GWRS - Free Report) , SJW Group (SJW - Free Report) and Middlesex Water Company (MSEX - Free Report) beat the Zacks Consensus Estimate by 200%, 86.7% and 25.81%, respectively.
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Companhia de Saneamento Basico do Estado de Sao Paulo (SBS - Free Report) or SABESP's net income in first-quarter 2019 improved 11.5% year over year to R$647.3 million ($164.9 million). The company’s earnings per share (EPS) totaled R$0.91, up from the year-ago figure of R$0.85.
Considering the ADR equivalent of EPS, the bottom line in the reported quarter was 25 cents, lagging the Zacks Consensus Estimate of 28 cents by 10.7%. Also, the reported figure declined 3.8% from the year-ago level of 26 cents.
Total Revenues
In the reported quarter, SABESP's net operating revenues (including construction revenues) were R$3,878.5 million ($1,029 million), up 4.8% year over year. Moreover, the figure surpassed the Zacks Consensus Estimate of $1,001 million by 2.8%.
Highlights of the Release
In the first quarter, costs and expenses, including construction costs, totaled R$2,156.4 million ($549.2 million), increasing 7.9% year over year.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were R$1,544.7 million ($393.4 million), increasing 10.4% from the prior-year quarter.
Billed water and sewage volumes in first-quarter 2019 grew 3.1% year over year to 972.4 million cubic meters.
Balance Sheet & Cash Flow
As of Mar 31, 2019, SABESP's cash and cash equivalents were R$2,205.1 million ($561.8 million), down from R$3,029.1 million ($780.1 million) at the end of 2018.
During the first quarter of 2019, cash generation from operating activities was R$1,493.5 million ($380.4 million) versus R$1,557.1 million a year ago.
Zacks Rank
SABESP currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Water Supply Utilities’ Release
Here are some other players from the water utility space that have reported first-quarter earnings. Global Water Resources (GWRS - Free Report) , SJW Group (SJW - Free Report) and Middlesex Water Company (MSEX - Free Report) beat the Zacks Consensus Estimate by 200%, 86.7% and 25.81%, respectively.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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