Consolidated Water Co Ltd reports results for the quarter ended in January - Earnings Summary

Consolidated Water Co

15/08/2024 15:26

* Consolidated Water Co Ltd  CWCO.OQ  reported quarterly
adjusted
earnings of 99 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 46 cents.  The mean expectation of
two analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 28 cents to 40
cents per share.
    * Revenue fell 26.6% to $32.48 million from a year ago;
analysts
expected $37.30 million. 
    * Consolidated Water Co Ltd's reported EPS for the quarter
was 99
cents​.
    * The company reported quarterly net income of $15.85
million.
    * Consolidated Water Co Ltd shares had risen by 0.2% this
quarter and lost 25.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the water &
related
utilities peer group is  "buy."

Wall Street's median 12-month price target for Consolidated
Water Co Ltd is $39.50 
This summary was machine generated from LSEG data August 15 at
02:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.34           0.99           Beat
 Mar. 31 2024      0.39           0.40           Beat
 Dec. 31 2023      0.44           0.63           Beat
 Sep. 30 2023      0.40           0.54           Beat