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Why American States Water (AWR) Has A Bright Short-Term Future?
March 12, 2014

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One company that should be on your radar is American States Water Company (AWR - Free Report) . The stock of this Water Utilities industry has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AWR’s full year estimate, we have seen 4 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $1.43 a share a month ago to its current level at $1.51 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AWR has seen some pretty solid trading lately, as the company has moved higher by 14.3% in the past month.
If American States Water can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AWR on your watch list for the future.
Other top-ranked stocks worth considering in the same industry include Middlesex Water Co. (MSEX - Free Report) , Companhia de Saneamento Basico do Estado de Sao Paulo (SBS - Free Report) and Connecticut Water Service Inc. (CTWS - Free Report) . While Middlesex Water and Companhia de Saneamento both sport a Zacks Rank #1 (Strong Buy), Connecticut Water Service carries a Zacks Rank #2 (Buy).

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