4 Reasons To Add Consolidated Water (CWCO) To Your Portfolio
Zacks Investment Research | Nov 18, 2018 09:35PM ET
Estimates for Consolidated Water Co. (NASDAQ:CWCO) have been revised upward over the past 90 days, reflecting analysts’ confidence in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings has moved 21.3% and 8.8% north to 74 cents and 74 cents per share, respectively.
Consolidated Water, along with its subsidiaries, is involved in the development and operation of seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent.
Let’s focus on the factors that make Consolidated Water an attractive stock at the moment.
Growth Projections
The Zacks Consensus Estimate for 2018 earnings per share is pegged at 74 cents, reflecting a year-over-year improvement of 51%. Its long-term earnings growth rate is pegged at 8%.
The Zacks Consensus Estimate for 2018 revenues is pegged at $66 million, reflecting a year-over-year improvement of nearly 6.0%.
Price Appreciation
Over the past year, the Zacks Rank #2 (Buy) stock has gained 3% against its industry ’s decline of 1%.
VGM Score
The stock has an impressive Original post
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