World Water Assets, Inc. (GWRS) got here out with quarterly earnings of $0.04 per share, lacking the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.07 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -33.33%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.11 per share when it really produced earnings of $0.12, delivering a shock of 9.09%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
World Water Assets
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
World Water Assets shares have misplaced about 0.8% for the reason that starting of the yr versus the S&P 500’s decline of -1.8%.
What’s Subsequent for World Water Assets?
Whereas World Water Assets has outperformed the market to date this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for World Water Assets: combined. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.05 on $12 million in revenues for the approaching quarter and $0.30 on $55 million in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Utility – Water Provide is at the moment within the high 36% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Artesian Assets (ARTNA), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024.
This water useful resource administration firm is anticipated to put up quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -5.9%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Artesian Assets’ revenues are anticipated to be $25 million, up 1.8% from the year-ago quarter.
Ought to You Put money into World Water Assets, Inc. (GWRS)?
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Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report
Artesian Resources Corporation (ARTNA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
