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Consolidated Water (CWCO) Surges 5.5%: Is This an Indication of Further Gains?
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Consolidated Water (CWCO - Free Report) shares soared 5.5% in the last trading session to close at $16.72. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.6% loss over the past four weeks.
Consolidated Water Company has been registering a steady earnings performance and is showing strong sales improvements across its business segments. Recently, the company has won two major contracts which will continue to boost performance in the long-term.
Consolidated Water’s desalination plants and expansion in areas where water shortages are increasingly prevalent are going to drive demand and strengthen its earnings. Consolidated Water’s complementary operating units, diversify product & service offerings, provide ample expansion opportunities in the U.S. and reap benefits from the high-growth market opportunities.
This developer and operator of desalination plants is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $24.1 million, up 46.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Consolidated Water, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CWCO going forward to see if this recent jump can turn into more strength down the road.
Consolidated Water is part of the Zacks Utility - Water Supply industry. SJW Group (SJW - Free Report) , another stock in the same industry, closed the last trading session 0.7% lower at $60.55. SJW has returned -5.8% in the past month.
SJW's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.73. Compared to the company's year-ago EPS, this represents a change of +14.1%. SJW currently boasts a Zacks Rank of #2 (Buy).
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Consolidated Water (CWCO) Surges 5.5%: Is This an Indication of Further Gains?
Consolidated Water (CWCO - Free Report) shares soared 5.5% in the last trading session to close at $16.72. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.6% loss over the past four weeks.
Consolidated Water Company has been registering a steady earnings performance and is showing strong sales improvements across its business segments. Recently, the company has won two major contracts which will continue to boost performance in the long-term.
Consolidated Water’s desalination plants and expansion in areas where water shortages are increasingly prevalent are going to drive demand and strengthen its earnings. Consolidated Water’s complementary operating units, diversify product & service offerings, provide ample expansion opportunities in the U.S. and reap benefits from the high-growth market opportunities.
This developer and operator of desalination plants is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +100%. Revenues are expected to be $24.1 million, up 46.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Consolidated Water, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CWCO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Consolidated Water is part of the Zacks Utility - Water Supply industry. SJW Group (SJW - Free Report) , another stock in the same industry, closed the last trading session 0.7% lower at $60.55. SJW has returned -5.8% in the past month.
SJW's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.73. Compared to the company's year-ago EPS, this represents a change of +14.1%. SJW currently boasts a Zacks Rank of #2 (Buy).