SABESP's (SBS) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
Zacks Investment Research | Aug 20, 2019 09:11PM ET
Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) or SABESP's net income in second-quarter 2019 improved 149.8% year over year to R$454.4 million ($118 million). The company’s earnings per share (EPS) totaled R$0.66, up from the year-ago figure of R$0.27.
Considering the ADR equivalent of EPS, the bottom line in the reported quarter was 17 cents, lagging the Zacks Consensus Estimate of 25 cents by 32%.
Total Revenues
In the reported quarter, SABESP's net operating revenues (including construction sales) were R$3,997.9 million ($1,038.3 million), up 8.9% year over year. The figure also surpassed the Zacks Consensus Estimate of $969 million by 7.1%.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price, Consensus and EPS Surprise
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