We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in American Water Works (AWK): Can Its 6.8% Jump Turn into More Strength?
Read MoreHide Full Article
American Water Works (AWK - Free Report) shares ended the last trading session 6.8% higher at $129.95. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% loss over the past four weeks.
American Water Works has been investing regularly to upgrade and maintain its water and wastewater infrastructure. The company plans to invest $3.3 billion in 2025 to strengthen and expand its water and wastewater infrastructure and efficiently serve its expanding customer base. The company continues to expand its customer base through organic and inorganic initiatives. Over the long term, the company aims to invest in the range of $17-$18 billion in the 2025-2029 period.
American Water Works’ 100% net income is generated from regulated operations and AWK’s focus on expanding regulated operations through capital investments is yielding stable returns, which has allowed the company to increase shareholders’ value.
This water utility is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +28.4%. Revenues are expected to be $1.08 billion, up 4.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For American Water Works, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AWK going forward to see if this recent jump can turn into more strength down the road.
American Water Works is a member of the Zacks Utility - Water Supply industry. One other stock in the same industry, American States Water (AWR - Free Report) , finished the last trading session 4.5% higher at $74.71. AWR has returned -8.3% over the past month.
For American States Water, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.60. This represents a change of +9.1% from what the company reported a year ago. American States Water currently has a Zacks Rank of #2 (Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in American Water Works (AWK): Can Its 6.8% Jump Turn into More Strength?
American Water Works (AWK - Free Report) shares ended the last trading session 6.8% higher at $129.95. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% loss over the past four weeks.
American Water Works has been investing regularly to upgrade and maintain its water and wastewater infrastructure. The company plans to invest $3.3 billion in 2025 to strengthen and expand its water and wastewater infrastructure and efficiently serve its expanding customer base. The company continues to expand its customer base through organic and inorganic initiatives. Over the long term, the company aims to invest in the range of $17-$18 billion in the 2025-2029 period.
American Water Works’ 100% net income is generated from regulated operations and AWK’s focus on expanding regulated operations through capital investments is yielding stable returns, which has allowed the company to increase shareholders’ value.
This water utility is expected to post quarterly earnings of $1.13 per share in its upcoming report, which represents a year-over-year change of +28.4%. Revenues are expected to be $1.08 billion, up 4.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For American Water Works, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AWK going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
American Water Works is a member of the Zacks Utility - Water Supply industry. One other stock in the same industry, American States Water (AWR - Free Report) , finished the last trading session 4.5% higher at $74.71. AWR has returned -8.3% over the past month.
For American States Water, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.60. This represents a change of +9.1% from what the company reported a year ago. American States Water currently has a Zacks Rank of #2 (Buy).