The most recent buying and selling session noticed Consolidated Water (CWCO) ending at $27.53, denoting a +0.58% adjustment from its final day’s shut. The inventory outperformed the S&P 500, which registered a day by day lack of 1.71%. Elsewhere, the Dow misplaced 1.7%, whereas the tech-heavy Nasdaq misplaced 2.2%.
The developer and operator of desalination vegetation’s shares have seen a rise of 4.51% over the past month, surpassing the Utilities sector’s acquire of two.67% and the S&P 500’s acquire of two.2%.
Analysts and traders alike might be holding an in depth eye on the efficiency of Consolidated Water in its upcoming earnings disclosure.
Moreover, it might be useful for traders to observe any current shifts in analyst projections for Consolidated Water. Such current modifications normally signify the altering panorama of near-term enterprise tendencies. With this in thoughts, we will take into account optimistic estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Based mostly on our analysis, we imagine these estimate revisions are straight associated to near-team inventory strikes. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable score system.
The Zacks Rank system, stretching from #1 (Robust Purchase) to #5 (Robust Promote), has a noteworthy monitor file of outperforming, validated by third-party audits, with shares rated #1 producing a mean annual return of +25% because the 12 months 1988. During the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Consolidated Water is holding a Zacks Rank of #2 (Purchase) proper now.
Within the context of valuation, Consolidated Water is at current buying and selling with a Ahead P/E ratio of 19.55. For comparability, its business has a mean Ahead P/E of 19.59, which suggests Consolidated Water is buying and selling at a reduction to the group.
We are able to additionally see that CWCO presently has a PEG ratio of two.44. The PEG ratio is just like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings development price under consideration. Utility – Water Provide shares are, on common, holding a PEG ratio of two.53 primarily based on yesterday’s closing costs.
The Utility – Water Provide business is a part of the Utilities sector. This business presently has a Zacks Trade Rank of 86, which places it within the prime 35% of all 250+ industries.
The Zacks Trade Rank is ordered from greatest to worst by way of the typical Zacks Rank of the person firms inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to observe all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
