Consolidated Water Co. Ltd. (CWCO - Free Report) reported first-quarter 2019 earnings of 20 cents per share, exceeding both the Zacks Consensus Estimate and the year-ago figure by a penny.
Total Revenues
The company’s total revenues in first-quarter 2019 came in at 17 million, up from the year-ago figure of $15 million by 13.3%. Total revenues also surpassed the Zacks Consensus Estimate of $16 million by 6.2%.
The year-over-year improvement can be attributed to better contribution from its manufacturing segment and marginally higher retail revenues.
Segment Details
Retail revenues in first-quarter 2019 increased nearly 4% year over year to $6.7 million.
Bulk revenues came in at $7.5 million in first-quarter 2019, down 4.5% from the prior-year figure.
Manufacturing revenues amounted to nearly $3.1 million, up a whopping 459% year over year.
Services revenues of $0.1 million were down 18.7% from the year-ago level.
Highlights of the Release
In first-quarter 2019, total cost of revenues increased 19.1% year over year to $10 million, owing to increase in costs in Retail and Manufacturing segments.
General and administrative expenses declined 6.1% from the year-ago quarter to $4.7 million.
Financial Highlights
As of Mar 31, 2019, Consolidated Water’s cash and cash equivalents totaled $38 million, up from $31.3 million on Dec 31, 2018.
Cash provided by operating activities in first-quarter 2019 was $3.7 million compared with $0.7 million in the year-ago period.
Zacks Rank
Currently, Consolidated Water carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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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Consolidated Water Co. Ltd. (CWCO - Free Report) reported first-quarter 2019 earnings of 20 cents per share, exceeding both the Zacks Consensus Estimate and the year-ago figure by a penny.
Total Revenues
The company’s total revenues in first-quarter 2019 came in at 17 million, up from the year-ago figure of $15 million by 13.3%. Total revenues also surpassed the Zacks Consensus Estimate of $16 million by 6.2%.
The year-over-year improvement can be attributed to better contribution from its manufacturing segment and marginally higher retail revenues.
Segment Details
Retail revenues in first-quarter 2019 increased nearly 4% year over year to $6.7 million.
Bulk revenues came in at $7.5 million in first-quarter 2019, down 4.5% from the prior-year figure.
Manufacturing revenues amounted to nearly $3.1 million, up a whopping 459% year over year.
Services revenues of $0.1 million were down 18.7% from the year-ago level.
Highlights of the Release
In first-quarter 2019, total cost of revenues increased 19.1% year over year to $10 million, owing to increase in costs in Retail and Manufacturing segments.
General and administrative expenses declined 6.1% from the year-ago quarter to $4.7 million.
Financial Highlights
As of Mar 31, 2019, Consolidated Water’s cash and cash equivalents totaled $38 million, up from $31.3 million on Dec 31, 2018.
Cash provided by operating activities in first-quarter 2019 was $3.7 million compared with $0.7 million in the year-ago period.
Zacks Rank
Currently, Consolidated Water carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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