What's In Store For American Water's (AWK) Q2 Earnings?
Zacks Investment Research | Jul 24, 2019 11:06PM ET
American Water Works Company (NYSE:AWK) is scheduled to release second-quarter 2019 results on Jul 31, after market close. In the last reported quarter, the company recorded a negative earnings surprise of 3.17%.
Let’s see how things are shaping up for this water utility prior to the earnings announcement.
Factors to Consider
American Water has been consistently making considerable investments toward infrastructure upgrades and getting rate approval from the Commission to recoup expenses. This is expected to positively impact the to-be-reported quarter’s results as well. New rates, which came into effect from the second quarter in New York and Pennsylvania, and those approved since the beginning of 2019 will likely have a positive impact on earnings.
Expansion of customer base by organic means, and acquisitions made by the company to expand water and wastewater services since the beginning of 2019 are likely to have a positive impact on second-quarter earnings.
The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $896.5 million and 94 cents, which indicates growth of 5.1% and 13.3%, respectively, from the year-ago reported figures.
Earnings Whispers
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