Global Water Resources Q2 EPS $0.07, Inline, Sales $13.00M Beat $12.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Water Resources (NASDAQ:GWRS) reported Q2 earnings of $0.07 per share, in line with analyst consensus. This is a 22.22% decrease from the same period last year. The company's quarterly sales of $13.00 million beat the analyst consensus estimate of $12.85 million by 1.17%, marking an 11.04% increase from the same period last year.
August 10, 2023 | 5:58 am
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Global Water Resources reported Q2 earnings in line with estimates but down 22.22% YoY. Sales beat estimates by 1.17% and increased 11.04% YoY.
While the company's earnings met estimates, the YoY decrease could be a concern for investors. However, the increase in sales, which also beat estimates, could offset this concern in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100