Consolidated Water Co. Ltd. CWCO published first-quarter 2023 revenues per share (EPS) of 26 cents, which exceeded the Zacks Agreement Price quote of 20 cents by 30%. The lower line boosted 73.3% from the previous year’s 15 cents.
Overall Profits
Consolidated Water reported first-quarter earnings of $32.9 million, up 68% year over year. The number exceeded the Zacks Agreement Quote of $28.25 million by 16.5%.
Consolidated Water Co. Ltd. Rate, Agreement and also EPS Shock
Consolidated Water Co. Ltd. price-consensus-eps-surprise-chart|Consolidated Water Co. Ltd. Quote
Section Information
Retail earnings for the very first quarter were $7.8 million, a boost of 23% from $6.3 million in the year-ago quarter. This boost resulted from a 20% increase in the quantity of water marketed in Grand Cayman. It consisted of straight water sales to the water authority and also boosted visitor task in the area.
Mass earnings were $9.0 million, up 22% from $7.3 million in the year-ago quarter. The increase resulted from a boost in CW-Bahamas’ power expenses, which boosted the power pass-through element of CW-Bahamas’ prices. Likewise, the quantity of water marketed boosted 9%.
Production earnings for the very first quarter of 2023 were $3.4 million, a boost of 183% from $1.2 million in the year-ago quarter. This boost resulted from a surge in manufacturing task and also alleviation in the supply chain restraints.
Solutions earnings were $12.7 million, up 170.2% from $4.7 million in the year-ago quarter. The enhancement resulted from a boost in plant style, building and construction earnings, and also operating and also upkeep earnings. Bulk of this boost was the payment of the subsidiary – PERC Water.
Emphasizes of the launch
General and also management costs boosted to $6 million as a result of climbing pay, brand-new hiring and also greater amassings of incentive. The business remains to increase its procedures. In January 2023, it came to be the 100% proprietor of PERC Water by obtaining the continuing to be 39% rate of interest.
Earnings from proceeding procedures was $4.1 million, 75% greater than the year-ago number.
Economic Emphasizes
Money and also money matchings totaled up to $51.1 million since Mar 31, 2023, up from $50.7 million on Dec 31, 2022, and also functioning funding was $70.6 million. Overall long-lasting financial debt was $0.19 million since Mar 31, 2023, less than $0.22 million at 2022-end.
CWCO paid quarterly money returns of 8.5 cents per share and also an overall returns of $1.4 million. Capital from running tasks in first-quarter 2023 was $3.8 million compared to $4.6 million in the year-ago duration. Capital investment for the quarter was $12 million.
Zacks Ranking
Consolidated Water presently brings a Zacks Ranking # 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Various Other Launches
York Water YORW taped first-quarter 2023 revenues of 35 cents per share, surpassing the Zacks Agreement Price quote of 32 cents by 9.4%. A revenues shock of 9.38% was seen.
The agreement mark for YORW’s 2023 revenues stands at $1.51 per share, indicating a year-over-year enhancement of 7.9%.
American States Public Utility AWR taped first-quarter 2023 running EPS of 54 cents. AWR’s profits got on the same level with the Zacks Agreement Quote.
SJW Team SJW taped first-quarter 2023 revenues of 37 cents per share, surpassing the Zacks Agreement Price quote of 24 cents by 54.2%.
The agreement price quote for SJW’s 2023 EPS stands at $2.47, indicating a year-over-year enhancement of 2.1%.
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The York Water Company (YORW) : Free Stock Analysis Report
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