Water Stocks To Watch For Earnings On Nov 2: AWK And AWR
Zacks Investment Research | Nov 01, 2016 07:21AM ET
The Q3 earnings season is in full swing with 291 of the S&P 500 Index members having already released results. Reported earnings were up 2.2% year over year on 1.3% higher revenues. This week too will see a string of earnings releases from more than 1000 companies (including 130 S&P members).
For the remaining index members, projections are of a 2.0% improvement in earnings on 1.4% higher revenues despite the expectations of a 65.4% plunge in earnings on 12.2% revenue deterioration for the energy space. Notably, this could be the first quarter to record positive earnings growth after five quarters of back-to-back declines.
Four out of the 16 sectors in the Zacks coverage universe are expected to witness an earnings decline this season. Read more details in our weekly American Water Works Q3 Earnings: Stock to Beat? )
American States Water Company (NYSE:AWR) reported a positive earnings surprise of 2.22% in the previous quarter. The company currently carries a Zacks Rank #3.
American States Water’s Earnings ESP, is 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 57 cents.
AMER STATES WTR Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.