American Water Works's Earnings Outlook
Portfolio Pulse from Benzinga Insights
American Water Works (NYSE:AWK) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts expecting an EPS of $0.83. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, shares have declined by 19.76% over the last 52 weeks, indicating potential investor concern. The upcoming earnings report and particularly the company's guidance for future quarters will be critical for investor sentiment.
February 13, 2024 | 6:01 pm
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American Water Works is expected to report an EPS of $0.83 for the upcoming quarter. Historical data shows the company has a track record of beating EPS estimates, which could positively influence the stock price if the trend continues. However, the stock has experienced a significant decline over the past year, indicating investor skepticism.
Given AWK's history of exceeding EPS estimates and the subsequent positive impact on its stock price, there's a reasonable expectation for a short-term positive movement if the trend continues. However, the overall negative performance over the past year and investor sentiment will also play a crucial role in determining the stock's movement post-earnings announcement.
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