American States Water Company (NYSE:AWR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
American States Water Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30.19% to $0.69 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Rose 3.66% to $110.55 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American States Water Company reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.51. It beat the average revenue estimate of $105.8 million.
Quoting Management: Commenting on the final decision, Robert J. Sprowls, President and Chief Executive Officer, stated, “The CPUC’s approval of our water rate case will allow us to continue to serve our customers the best way possible, by investing in infrastructure critical to providing safe and reliable drinking water. As we have stated before, a fair and equitable regulatory process is good for customers and shareholders alike.”
Key Stats (on next page)…
Revenue decreased 1.67% from $112.43 million in the previous quarter. EPS increased 30.19% from $0.53 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.75 to a profit $0.83. For the current year, the average estimate has moved up from a profit of $2.68 to a profit of $2.76 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)