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Consolidated Water (CWCO) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Consolidated Water (CWCO - Free Report) closed at $28.09, marking a -1.75% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
Shares of the developer and operator of desalination plants witnessed a loss of 5.11% over the previous month, trailing the performance of the Utilities sector with its loss of 4.18%, and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Consolidated Water in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.24, reflecting a 29.41% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $32.62 million, showing a 7.12% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.95 per share and revenue of $128.36 million. These totals would mark changes of -18.1% and -2.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Consolidated Water. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.04% downward. Consolidated Water presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Consolidated Water is presently trading at a Forward P/E ratio of 30.09. This expresses a premium compared to the average Forward P/E of 21.99 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Consolidated Water (CWCO) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Consolidated Water (CWCO - Free Report) closed at $28.09, marking a -1.75% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
Shares of the developer and operator of desalination plants witnessed a loss of 5.11% over the previous month, trailing the performance of the Utilities sector with its loss of 4.18%, and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Consolidated Water in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.24, reflecting a 29.41% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $32.62 million, showing a 7.12% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.95 per share and revenue of $128.36 million. These totals would mark changes of -18.1% and -2.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Consolidated Water. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.04% downward. Consolidated Water presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Consolidated Water is presently trading at a Forward P/E ratio of 30.09. This expresses a premium compared to the average Forward P/E of 21.99 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.