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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 the most recent trading day at $27.24, moving -1.98% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
The developer and operator of desalination plants's stock has dropped by 0.25% in the past month, falling short of the Utilities sector's gain of 5.15% and outpacing the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Consolidated Water in its upcoming release. The company's upcoming EPS is projected at $0.24, signifying a 29.41% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $32.62 million, indicating a 7.12% decline compared to the corresponding quarter of the prior year.
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 should also note any recent changes to analyst estimates for Consolidated Water. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Consolidated Water currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Consolidated Water is currently exchanging hands at a Forward P/E ratio of 29.25. This expresses a premium compared to the average Forward P/E of 23.11 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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 the most recent trading day at $27.24, moving -1.98% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.7%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.83%.
The developer and operator of desalination plants's stock has dropped by 0.25% in the past month, falling short of the Utilities sector's gain of 5.15% and outpacing the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Consolidated Water in its upcoming release. The company's upcoming EPS is projected at $0.24, signifying a 29.41% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $32.62 million, indicating a 7.12% decline compared to the corresponding quarter of the prior year.
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 should also note any recent changes to analyst estimates for Consolidated Water. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Consolidated Water currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Consolidated Water is currently exchanging hands at a Forward P/E ratio of 29.25. This expresses a premium compared to the average Forward P/E of 23.11 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 101, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.