Essential Utilities Q2 EPS $0.34, Inline, Sales $436.70M Miss $467.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essential Utilities (NYSE:WTRG) reported Q2 earnings of $0.34 per share, in line with analyst consensus. This is a 9.68% increase YoY. However, the company's quarterly sales of $436.70M missed the analyst consensus estimate of $467.99M by 6.69%, marking a 2.69% decrease YoY.
August 07, 2023 | 9:16 pm
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NEGATIVE IMPACT
Essential Utilities reported Q2 earnings in line with estimates but missed on sales.
The company's earnings were in line with estimates, which is positive. However, the miss on sales could negatively impact the stock as it indicates weaker than expected revenue growth. This could lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100