We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Consolidated Water (CWCO) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
The latest trading session saw Consolidated Water (CWCO - Free Report) ending at $23.24, denoting a -1.98% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.15%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The developer and operator of desalination plants's stock has dropped by 2.99% in the past month, falling short of the Utilities sector's gain of 2.48% and the S&P 500's loss of 0.21%.
Investors will be eagerly watching for the performance of Consolidated Water in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.22, signifying a 48.84% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $32.37 million, reflecting a 18.44% fall from the equivalent quarter last year.
CWCO's full-year Zacks Consensus Estimates are calling for earnings of $0.88 per share and revenue of $130.03 million. These results would represent year-over-year changes of -21.43% and -2.94%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Consolidated Water. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.39% downward. Consolidated Water currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Consolidated Water is currently exchanging hands at a Forward P/E ratio of 27.05. This signifies a premium in comparison to the average Forward P/E of 22.86 for its industry.
The Utility - Water Supply industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Consolidated Water (CWCO) Stock Dips While Market Gains: Key Facts
The latest trading session saw Consolidated Water (CWCO - Free Report) ending at $23.24, denoting a -1.98% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.15%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The developer and operator of desalination plants's stock has dropped by 2.99% in the past month, falling short of the Utilities sector's gain of 2.48% and the S&P 500's loss of 0.21%.
Investors will be eagerly watching for the performance of Consolidated Water in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.22, signifying a 48.84% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $32.37 million, reflecting a 18.44% fall from the equivalent quarter last year.
CWCO's full-year Zacks Consensus Estimates are calling for earnings of $0.88 per share and revenue of $130.03 million. These results would represent year-over-year changes of -21.43% and -2.94%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Consolidated Water. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.39% downward. Consolidated Water currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Consolidated Water is currently exchanging hands at a Forward P/E ratio of 27.05. This signifies a premium in comparison to the average Forward P/E of 22.86 for its industry.
The Utility - Water Supply industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.