American States Water Q3 Adj EPS $0.72 Misses $0.83 Estimate, Sales $151.70M Miss $152.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
American States Water (NYSE:AWR) reported Q3 earnings of $0.72 per share, missing the analyst consensus estimate of $0.83 by 13.25%. The company also reported quarterly sales of $151.70 million, missing the analyst consensus estimate of $152.00 million by 0.20%. However, both earnings and sales have increased compared to the same period last year.
November 06, 2023 | 10:24 pm
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NEGATIVE IMPACT
American States Water's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Missing analyst estimates for both earnings and sales typically leads to a negative reaction in the stock market. However, the YoY growth in both earnings and sales indicates the company's overall financial health, which might offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100