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Consolidated Water (CWCO) Registers a Bigger Fall Than the Market: Important Facts to Note
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Consolidated Water (CWCO - Free Report) closed at $30.28 in the latest trading session, marking a -1.46% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Heading into today, shares of the developer and operator of desalination plants had gained 9.63% over the past month, outpacing the Utilities sector's loss of 2% and the S&P 500's gain of 2.05%.
The investment community will be closely monitoring the performance of Consolidated Water in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.24, marking a 29.41% fall compared to the same quarter of the previous 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.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and a revenue of $128.36 million, representing changes of -18.1% and -2.81%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Consolidated Water is carrying a Zacks Rank of #4 (Sell).
In the context of valuation, Consolidated Water is at present trading with a Forward P/E ratio of 32.35. This indicates a premium in contrast to its industry's Forward P/E of 21.29.
The Utility - Water Supply industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Consolidated Water (CWCO) Registers a Bigger Fall Than the Market: Important Facts to Note
Consolidated Water (CWCO - Free Report) closed at $30.28 in the latest trading session, marking a -1.46% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.02%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.15%.
Heading into today, shares of the developer and operator of desalination plants had gained 9.63% over the past month, outpacing the Utilities sector's loss of 2% and the S&P 500's gain of 2.05%.
The investment community will be closely monitoring the performance of Consolidated Water in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.24, marking a 29.41% fall compared to the same quarter of the previous 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.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.95 per share and a revenue of $128.36 million, representing changes of -18.1% and -2.81%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Consolidated Water is carrying a Zacks Rank of #4 (Sell).
In the context of valuation, Consolidated Water is at present trading with a Forward P/E ratio of 32.35. This indicates a premium in contrast to its industry's Forward P/E of 21.29.
The Utility - Water Supply industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.