Consolidated Water (CWCO) Q2 Earnings & Sales Lag Estimates

Zacks08-16

Consolidated Water Co. Ltd. CWCO delivered second-quarter 2024 earnings per share of 26 cents, which lagged the Zacks Consensus Estimate of 34 cents by 23.5%. The bottom line also decreased 44.7% from...

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The bottom line also decreased 44.7% from...</p>\n\n<a href=\"https://finance.yahoo.com/news/consolidated-water-cwco-q2-earnings-140300970.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Consolidated Water (CWCO) Q2 Earnings & Sales Lag Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConsolidated Water (CWCO) Q2 Earnings & Sales Lag Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-16 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/consolidated-water-cwco-q2-earnings-140300970.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consolidated Water Co. Ltd. CWCO delivered second-quarter 2024 earnings per share of 26 cents, which lagged the Zacks Consensus Estimate of 34 cents by 23.5%. The bottom line also decreased 44.7% from...</p>\n\n<a href=\"https://finance.yahoo.com/news/consolidated-water-cwco-q2-earnings-140300970.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AWR","symbol_name":"美洲国家水务","start_time":0,"source_url":"https://finance.yahoo.com/news/consolidated-water-cwco-q2-earnings-140300970.html","article_id":"2459246711","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Op4XXCiuaZt42C3BmkzkNw--~B/aD0zNDk7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e729d5a07f148302369676bf26b14bf7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459246711","pubTimestamp":1723816980,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Consolidated Water Co. Ltd. CWCO delivered second-quarter 2024 earnings per share of 26 cents, which lagged the Zacks Consensus Estimate of 34 cents by 23.5%. The bottom line also decreased 44.7% from last year’s 47 cents.The company’s total revenues for the quarter were $32 million, which missed the Zacks Consensus Estimate of $37 million by 12.5%. The top line declined 27.3% from the year-ago quarter’s figure of $44 million.Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise. Consolidated Water Co. Ltd. price-consensus-eps-surprise-chart | Consolidated Water Co. Ltd. Quote. Consolidated Water currently carries a Zacks Rank #2  at present. You can see the complete list of today’s Zacks #1 Rank  stocks here.Essential Utilities Inc. WTRG delivered second-quarter 2024 operating earnings per share of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%.WTRG’s long-term  earnings growth rate is 5.8%. The Zacks Consensus Estimate for 2024 earnings stands at $1.9","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AWR":"美洲国家水务","CWCO":"Consolidated Water Co Ltd","WTRG":"Essential Utilities, Inc."},"translate_title":"Consolidated Water(CWCO)第二季度盈利和销售滞后估计","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CWCO":1,"AWR":0.9,"WTRG":0.9},"content_text":"Consolidated Water Co. Ltd. CWCO delivered second-quarter 2024 earnings per share of 26 cents, which lagged the Zacks Consensus Estimate of 34 cents by 23.5%. The bottom line also decreased 44.7% from last year’s 47 cents.\nTotal Revenues\nThe company’s total revenues for the quarter were $32 million, which missed the Zacks Consensus Estimate of $37 million by 12.5%. The top line declined 27.3% from the year-ago quarter’s figure of $44 million.\n\nConsolidated Water Co. Ltd. Price, Consensus and EPS Surprise\n  \nConsolidated Water Co. Ltd. price-consensus-eps-surprise-chart | Consolidated Water Co. Ltd. Quote\n\nSegment Details\nRetail revenues totaled $8.18 million, up 8.1% from $7.57 million in the year-ago quarter. The rise was due to an 8% increase in the volume of water sold.Bulk revenues amounted to $8.44 million, down 0.5% from $8.48 million in the prior year. The decrease in bulk segment revenues was due to a decline in energy costs for CW-Bahamas. This reduced the energy pass-through component of CW-Bahamas’ rates.Manufacturing revenues for the quarter totaled $3.9 million, down 3.9% from $4.08 million in the previous year.Services revenues amounted to $11.9 million, down 50.6% from $24.1 million in the last year. The decrease in services segment revenues was due to a $16.5 million decline in plant construction revenues.\nHighlights of the Release\nGeneral and administrative expenses increased nearly 10.4% to $6.6 million.Net income from continuing operations amounted to $11.5 million compared with $11.9 million in the year-ago quarter.The volume of retail water sold in the company’s utility service area in Grand Cayman increased 10% year over year. The company completed the construction and commissioning of the new 2.6 million gallons per day Red Gate desalination plant for the Water Authority of the Cayman Islands. CWCO began operating the facility under a 10-year operations and maintenance agreement.\nFinancial Highlights\nCash and cash equivalents totaled $96.7 million as of Jun 30, 2024, compared with $42.6 million as of Dec 31, 2023. Working capital amounted to $131.2 million as of the same date.Total long-term debt was $0.15 million as of Jun 30, 2024, lower than $0.19 million at 2023-end.Cash flow from operating activities in the first half of 2024 totaled $26.9 million compared with $4.5 million in the year-ago period.\nZacks Rank\nConsolidated Water currently carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nOther Releases\nEssential Utilities Inc. WTRG delivered second-quarter 2024 operating earnings per share of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%.WTRG’s long-term (three to five years) earnings growth rate is 5.8%. The Zacks Consensus Estimate for 2024 earnings stands at $1.97 per share, which calls for year-over-year growth of 5.9%.California Water Service Group CWT recorded second-quarter 2024 adjusted earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents by 79.5%.The Zacks Consensus Estimate for 2024 earnings is pegged at $3.25 per share, which implies year-over-year growth of 257.1%. It delivered an average earnings surprise of 125.4% in the last four quarters.American States Water Company AWR reported second-quarter 2024 operating earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 84 cents by 1.2%.The company’s long-term earnings growth rate is 6.3%. The Zacks Consensus Estimate for AWR’s 2024 EPS is pegged at $3.03, which indicates a year-over-year increase of 6.3%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCalifornia Water Service Group (CWT) : Free Stock Analysis Report\nAmerican States Water Company (AWR) : Free Stock Analysis Report\nConsolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report\nEssential Utilities Inc. (WTRG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459246711"}