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Consolidated Water (CWCO) Stock Falls Amid Market Uptick: What Investors Need to Know
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Consolidated Water (CWCO - Free Report) closed at $27.61 in the latest trading session, marking a -2.23% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
The stock of developer and operator of desalination plants has risen by 0.14% in the past month, lagging the Utilities sector's gain of 1.69% and the S&P 500's gain of 1.46%.
The investment community will be paying close attention to the earnings performance of Consolidated Water in its upcoming release. The company is predicted to post an EPS of $0.24, indicating a 29.41% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $32.62 million, indicating a 7.12% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.95 per share and revenue of $128.36 million, indicating changes of -18.1% and -2.81%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Consolidated Water holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Consolidated Water has a Forward P/E ratio of 29.73 right now. This expresses a premium compared to the average Forward P/E of 22.18 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 170, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 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) Stock Falls Amid Market Uptick: What Investors Need to Know
Consolidated Water (CWCO - Free Report) closed at $27.61 in the latest trading session, marking a -2.23% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
The stock of developer and operator of desalination plants has risen by 0.14% in the past month, lagging the Utilities sector's gain of 1.69% and the S&P 500's gain of 1.46%.
The investment community will be paying close attention to the earnings performance of Consolidated Water in its upcoming release. The company is predicted to post an EPS of $0.24, indicating a 29.41% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $32.62 million, indicating a 7.12% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.95 per share and revenue of $128.36 million, indicating changes of -18.1% and -2.81%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Consolidated Water holds a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Consolidated Water has a Forward P/E ratio of 29.73 right now. This expresses a premium compared to the average Forward P/E of 22.18 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 170, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.