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Consolidated Water (CWCO) Rises Higher Than Market: Key Facts

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Consolidated Water (CWCO - Free Report) closed the most recent trading day at $35.07, moving +1.01% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.59%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 0.44%.

The developer and operator of desalination plants's shares have seen an increase of 3.33% over the last month, surpassing the Utilities sector's gain of 0.26% and the S&P 500's gain of 2.72%.

The upcoming earnings release of Consolidated Water will be of great interest to investors. The company is expected to report EPS of $0.24, down 22.58% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.8 million, down 1.77% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $1.12 per share and a revenue of $133.33 million, demonstrating changes of 0% and -0.48%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Consolidated Water. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.2% higher. As of now, Consolidated Water holds a Zacks Rank of #3 (Hold).

In the context of valuation, Consolidated Water is at present trading with a Forward P/E ratio of 31. This represents a premium compared to its industry average Forward P/E of 21.44.

The Utility - Water Supply industry is part of the Utilities sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.


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