Consolidated Water (CWCO) Q1 Earnings Beat, Revenues Miss
Zacks Investment Research | May 10, 2018 09:21PM ET
Consolidated Water Co. Ltd. (NASDAQ:CWCO) reported first-quarter 2018 earnings of 19 cents per share, beating the Zacks Consensus Estimate of 18 cents by 5.56%.
Excluding one-time adjustments related to the Rosarito Project, the company reported GAAP earnings of 14 cents. The figure declined 22.2% from the prior-year quarter’s tally.
Total Revenues
In the quarter under review, Consolidated Water’s total revenues were $15.3 million, lagging the Zacks Consensus Estimate of $17.0 million by 10%. Revenues declined 2.2% from the year-ago quarter’s $15.7 million. The downside was caused by lower segment revenues except Bulk Water Operations.
Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
Here are some other players from the water utility space that have reported first-quarter earnings so far.
SJW Group (NYSE:SJW) reported in-line earnings while American States Water Company’s (NYSE:AWR) earnings missed the consensus mark.
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