Overview
York Water Q3 revenue rose but missed analyst expectations
EPS for Q3 beat analyst expectations
Revenue growth driven by customer base expansion and DSIC charges
Outlook
York Water plans to invest $10 mln in capital projects in 2025
Result Drivers
CUSTOMER BASE EXPANSION - Revenue growth attributed to an increase in the customer base and DSIC charges
LOWER INCOME TAXES - Decrease in income taxes due to higher deductions from IRS tangible property regulations
HIGHER EXPENSES - Revenue gains offset by higher operation and maintenance expenses, increased interest on debt, and lower AFUDC
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Operating Revenue | Miss | $20.36 mln | $21 mln (1 Analyst) |
Q3 EPS | Beat | $0.43 | $0.38 (1 Analyst) |
Q3 Net Income | $6.20 mln |
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the water & related utilities peer group is "buy."
Wall Street's median 12-month price target for York Water Co is $41.00, about 20.9% above its November 5 closing price of $32.44
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nGNX3Bg7bB
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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