In the latest close session, Consolidated Water (CWCO) was down 1.78% at $35.28. This move lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The developer and operator of desalination plants's shares have seen an increase of 2.95% over the last month, aligning with the Utilities sector and outstripping the S&P 500's gain of 0.16%.
Analysts and investors alike will be keeping a close eye on the performance of Consolidated Water in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.24, marking a 22.58% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $32.8 million, down 1.77% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.13 per share and revenue of $133.33 million. These totals would mark changes of +0.89% and -0.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Consolidated Water. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate has moved 1.19% higher within the past month. At present, Consolidated Water boasts a Zacks Rank of #2 (Buy).
In the context of valuation, Consolidated Water is at present trading with a Forward P/E ratio of 31.69. Its industry sports an average Forward P/E of 23.24, so one might conclude that Consolidated Water is trading at a premium comparatively.
The Utility - Water Supply industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 54, placing it within the top 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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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