Aqua America (WTR) Reports Next Week: What Awaits?
Aqua America (WTR) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
This water utility is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents no change from the year-ago quarter.
Revenues are expected to be $212.50 million, up 4.5% from the year-ago quarter.
How Have the Numbers Shaped Up for Aqua America?
For Aqua America, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
So, this combination makes it difficult to conclusively predict that Aqua America will beat the consensus EPS estimate.
For the last reported quarter, it was expected that Aqua America would post earnings of $0.43 per share when it actually produced earnings of $0.44, delivering a surprise of +2.33%.
Aqua America doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.