Middlesex Water Q2 EPS $0.55 Misses $0.60 Estimate, Sales $42.80M Miss $45.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (NASDAQ:MSEX) reported Q2 earnings of $0.56 per share, missing the analyst consensus estimate of $0.60 by 6.67%. However, this represents a 12% increase over earnings from the same period last year.
July 28, 2023 | 8:14 pm
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Middlesex Water's Q2 earnings per share missed the analyst consensus estimate, but showed a year-over-year increase.
Middlesex Water's earnings miss could negatively impact the stock price in the short term as it indicates the company's performance was below market expectations. However, the year-over-year growth might mitigate this impact to some extent.
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