Back to top

Consolidated Water (CWCO) Q2 Earnings Miss, Revenues Up Y/Y

Read MoreHide Full Article

Consolidated Water Co. Ltd. (CWCO - Free Report) reported second-quarter 2018 earnings of 14 cents per share, missing the Zacks Consensus Estimate of 15 cents by 6.7%.

Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise

Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise | Consolidated Water Co. Ltd. Quote

Total Revenues

In the quarter under review, Consolidated Water’s total revenues were $15.9 million, lagging the Zacks Consensus Estimate of $16.0 million by 0.6%. However, revenues improved 3.9% from the year-ago quarter’s $15.73 million. The year-over-year improvement was due to better contribution from its Retail and Bulk Operations.

Segment Details

Retail revenues in the second quarter were up 3.4% year over year to $6.27 million.

Bulk revenues were $8.48 million, up 5% from the prior-year figure.

Manufacturing revenues were nearly $0.99 million, down 6% year over year.

Services revenues of $0.12 million were up from the year-ago figure by 3.1%.

Highlights of the Release

In the second quarter, total cost of revenues increased 5.1% year over year to $9.3 million, mainly due to higher cost of bulk revenues.

Consolidated Water’s gross profit in the quarter under review was $6.6 million, up 2.2% from the prior-year level.

The company incurred general and administrative expenses of $4.5 million, down 8.9% from the prior-year figure.

As of Jun 30, 2018, Consolidated Water’s cash and cash equivalents were $34.1 million, down from $47.2 million on Dec 31, 2017.

Zacks Rank

Currently, Consolidated Water carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Water Supply Utilities’ Release

Here are some other players from the water utility space that have reported second-quarter earnings:

American Water Works Co. (AWK - Free Report) beat the Zacks Consensus Estimate by 2.3%, SJW Group (SJW - Free Report) reported in-line earnings, while American States Water Company (AWR - Free Report) missed the same by 8.3%.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>

Published in