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 Moves -3.79%: What You Should Know
Read MoreHide Full Article
In the latest close session, Consolidated Water (CWCO - Free Report) was down 3.79% at $34.06. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq gained 0.55%.
Shares of the developer and operator of desalination plants have appreciated by 0.34% over the course of the past month, underperforming the Utilities sector's gain of 1.43%, and the S&P 500's gain of 3.83%.
Analysts and investors alike will be keeping a close eye on the performance of Consolidated Water in its upcoming earnings disclosure. The company is expected to report EPS of $0.24, down 22.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.8 million, down 1.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $133.33 million, representing changes of +0.89% and -0.48%, respectively, from the prior year.
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 business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.19% higher within the past month. As of now, Consolidated Water holds a Zacks Rank of #2 (Buy).
In terms of valuation, Consolidated Water is currently trading at a Forward P/E ratio of 31.24. This represents a premium compared to its industry average Forward P/E of 22.99.
The Utility - Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 38, placing it within the top 16% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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 Moves -3.79%: What You Should Know
In the latest close session, Consolidated Water (CWCO - Free Report) was down 3.79% at $34.06. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq gained 0.55%.
Shares of the developer and operator of desalination plants have appreciated by 0.34% over the course of the past month, underperforming the Utilities sector's gain of 1.43%, and the S&P 500's gain of 3.83%.
Analysts and investors alike will be keeping a close eye on the performance of Consolidated Water in its upcoming earnings disclosure. The company is expected to report EPS of $0.24, down 22.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.8 million, down 1.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $133.33 million, representing changes of +0.89% and -0.48%, respectively, from the prior year.
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 business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.19% higher within the past month. As of now, Consolidated Water holds a Zacks Rank of #2 (Buy).
In terms of valuation, Consolidated Water is currently trading at a Forward P/E ratio of 31.24. This represents a premium compared to its industry average Forward P/E of 22.99.
The Utility - Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 38, placing it within the top 16% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.