Aqua America Inc. reported second-quarter 2019 earnings per share of 37 cents, lagging the Zacks Consensus Estimate by 5.1%.
The bottom line was on par with the year-ago quarter’s reported figure.
Total Revenues
Quarterly revenues amounted to $218.9 million, which missed the Zacks Consensus Estimate of $225 million by 2.8%. However, the top line jumped 3.3% year over year. The upside can be attributed to rate activity, organic growth and contribution from its acquired assets.
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.
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Aqua America Inc. reported second-quarter 2019 earnings per share of 37 cents, lagging the Zacks Consensus Estimate by 5.1%.
The bottom line was on par with the year-ago quarter’s reported figure.
Total Revenues
Quarterly revenues amounted to $218.9 million, which missed the Zacks Consensus Estimate of $225 million by 2.8%. However, the top line jumped 3.3% year over year. The upside can be attributed to rate activity, organic growth and contribution from its acquired assets.
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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