American States Water Q4 2023 Adj EPS $0.55 Beats $0.54 Estimate, Sales $125.18M Miss $132.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
American States Water (NYSE:AWR) reported Q4 2023 adjusted EPS of $0.55, surpassing the $0.54 estimate, but its sales of $125.18M fell short of the $132.00M estimate, marking a 0.15% decrease from the previous year.
February 21, 2024 | 9:33 pm
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American States Water reported a mixed Q4 2023 with an EPS beat but a miss on sales estimates, showing a slight decrease in sales compared to last year.
The EPS beat could be seen positively by investors, indicating efficient operations or cost management. However, the miss on sales and the slight year-over-year decrease might raise concerns about growth prospects, potentially balancing out the positive impact of the EPS beat. Given these mixed signals, the short-term impact on AWR's stock price is likely to be neutral.
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