Consolidated Water (CWCO) closed at $36.85 in the latest trading session, marking a +1.71% move from the prior day. This move outpaced the S&P 500's daily gain of 1.16%. On the other hand, the Dow registered a gain of 1.21%, and the technology-centric Nasdaq increased by 1.18%.
Prior to today's trading, shares of the developer and operator of desalination plants had gained 1.23% lagged the Utilities sector's gain of 12.95% and outpaced the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Consolidated Water in its upcoming release.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.24 per share and a revenue of $136.53 million, indicating changes of +10.71% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Consolidated Water. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Consolidated Water holds a Zacks Rank of #3 (Hold).
In terms of valuation, Consolidated Water is presently being traded at a Forward P/E ratio of 22.93. This denotes a premium relative to the industry average Forward P/E of 20.7.
The Utility - Water Supply industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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