Basic Sanitation Company of the State of Sao Paulo SABESP reports results for the quarter ended September 30 - Earnings Summary

• Basic Sanitation Company of the State of Sao Paulo SABESP SBS.N reported quarterly adjusted earnings of R$8.94​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of R$1.24. The mean expectation of two analysts for the quarter was for earnings of $1.61 per share. Wall Street expected results to range from R$1.53 to R$1.70 per share.

• Revenue rose 132.4% to R$15.00 billion from a year ago; analysts expected R$6.61 billion.

• Basic Sanitation Company of the State of Sao Paulo SABESP's reported EPS for the quarter was R$8.94​.

• The company reported quarterly net income of R$6.11 billion.

• Basic Sanitation Company of the State of Sao Paulo SABESP shares had fallen by 5.7% this quarter and gained 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the water & related utilities peer group is also "buy"

Wall Street's median 12-month price target for Basic Sanitation Company of the State of Sao Paulo SABESP is $23.00

This summary was machine generated from LSEG data November 12 at 03:41 a.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)