American Water (AWK) To Post Q1 Earnings: What's In Store?
Zacks Investment Research | Apr 26, 2019 08:51AM ET
American Water Works Company (NYSE:AWK) is scheduled to release first-quarter 2019 results on May 1, after market close. In the last four quarters, the company delivered a positive earnings surprise of 3.30%.
Let’s see how things are shaping up for this water utility prior to the earnings announcement.
Factors to Consider
American Water consistently makes considerable investments toward infrastructure upgrades and gets rate approval from the Commission to recoup expenses, which is a positive for the to-be-reported quarter as well. New rates effective February 2019 in Maryland and West Virginia will have a positive impact on the upcoming earnings.
The company has been working to lower O&M expenses through operational efficiency, which is likely to benefit the to-be-reported quarter. Expansion of customer base by organic means, and acquisitions made in Pennsylvania, Indiana and Kentucky during the quarter are likely to have a positive impact on its first-quarter earnings.
The Zacks Consensus Estimate for first-quarter revenues and earnings per share is pegged at $803 million and 69 cents, which indicates growth of 5.5% and 6.8%, respectively, from the year-ago reported figures.
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