American States Water Earnings: Here’s Why the Stock is Falling Now

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. Shares are down 1.66%.

American States Water Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.59% to $0.85 in the quarter versus EPS of $0.79 in the year-earlier quarter.

Revenue: Rose 5.59% to $120.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: American States Water Company reported adjusted EPS income of $0.85 per share. By that measure, the company beat the mean analyst estimate of $0.84. It beat the average revenue estimate of $119.75 million.

Key Stats (on next page)…

Revenue increased 9.18% from $110.55 million in the previous quarter. EPS increased 23.19% from $0.69 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.98 to a profit $0.96. For the current year, the average estimate has moved up from a profit of $2.8 to a profit of $2.85 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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