In the latest close session, Consolidated Water (CWCO) was down 1.32% at $29.97. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Meanwhile, the Dow experienced a drop of 0.63%, and the technology-dominated Nasdaq saw a decrease of 0.22%.
The developer and operator of desalination plants's stock has climbed by 7.54% in the past month, exceeding the Utilities sector's loss of 0.51% and the S&P 500's gain of 4.07%.
Analysts and investors alike will be keeping a close eye on the performance of Consolidated Water in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.2, indicating a 23.08% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $32.69 million, indicating a 0.65% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.9 per share and revenue of $132.23 million. These totals would mark changes of -19.64% and -1.3%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Consolidated Water. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Consolidated Water possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Consolidated Water is presently trading at a Forward P/E ratio of 33.62. This represents a premium compared to its industry average Forward P/E of 22.01.
The Utility – Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 44, placing it within the top 18% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
