Essential (WTRG) Q4 Earnings Miss, Sales Meet Estimates
Zacks Investment Research | Feb 26, 2020 09:04PM ET
Essential Utilities Inc. (NYSE:WTRG) — formerly Aqua America, Inc. — reported fourth-quarter 2019 earnings per share of 34 cents, lagging the Zacks Consensus Estimate by a penny. The reported earnings were 9.7% higher than 31 cents per share recorded in the year-ago quarter.
Total Revenues
Fourth-quarter revenues of $226 million were on par with the Zacks Consensus Estimate. Total revenues were up 9.8% year over year. The year-over-year improvement in total revenues was due to positive impact from rate increases, surcharges, volume, and customer growth.
Essential Utilities, Inc. Price, Consensus and EPS Surprise
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