Consolidated Water (CWCO) closed the most recent trading day at $29.40, moving -1.34% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.13%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.15%.
Heading into today, shares of the developer and operator of desalination plants had lost 2.77% over the past month, lagging the Utilities sector's gain of 0.39% and the S&P 500's gain of 3.39%.
Market participants will be closely following the financial results of Consolidated Water in its upcoming release. The company's earnings per share (EPS) are projected to be $0.2, reflecting a 23.08% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $32.69 million, showing a 0.65% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.9 per share and a revenue of $132.23 million, signifying shifts of -19.64% and -1.3%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Consolidated Water. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Consolidated Water is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Consolidated Water is holding a Forward P/E ratio of 32.99. This valuation marks a premium compared to its industry average Forward P/E of 20.65.
The Utility - Water Supply industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Consolidated Water Co. Ltd. (CWCO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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