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Consolidated Water (CWCO) Ascends While Market Falls: Some Facts to Note
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Consolidated Water (CWCO - Free Report) ended the recent trading session at $29.56, demonstrating a +1.48% change from the preceding day's closing price. This change outpaced the S&P 500's 0.51% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the developer and operator of desalination plants had lost 1.9% lagged the Utilities sector's gain of 0.34% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Consolidated Water in its forthcoming earnings report. The company is predicted to post an EPS of $0.22, indicating a 31.25% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $35 million, indicating a 4.18% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.95 per share and a revenue of $133.59 million, signifying shifts of -18.1% and +1.14%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 2.58% fall in the Zacks Consensus EPS estimate. Consolidated Water is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Consolidated Water is holding a Forward P/E ratio of 30.83. This indicates a premium in contrast to its industry's Forward P/E of 21.24.
The Utility - Water Supply industry is part of the Utilities sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Consolidated Water (CWCO) Ascends While Market Falls: Some Facts to Note
Consolidated Water (CWCO - Free Report) ended the recent trading session at $29.56, demonstrating a +1.48% change from the preceding day's closing price. This change outpaced the S&P 500's 0.51% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the developer and operator of desalination plants had lost 1.9% lagged the Utilities sector's gain of 0.34% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Consolidated Water in its forthcoming earnings report. The company is predicted to post an EPS of $0.22, indicating a 31.25% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $35 million, indicating a 4.18% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.95 per share and a revenue of $133.59 million, signifying shifts of -18.1% and +1.14%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 2.58% fall in the Zacks Consensus EPS estimate. Consolidated Water is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Consolidated Water is holding a Forward P/E ratio of 30.83. This indicates a premium in contrast to its industry's Forward P/E of 21.24.
The Utility - Water Supply industry is part of the Utilities sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 30% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.