American States Water: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
American States Water (NYSE:AWR) reported Q4 earnings with an EPS of $0.41, missing estimates by 22.64% against an expected $0.53. Revenue decreased by $187 thousand from the previous year. The company had previously missed EPS estimates last quarter, resulting in a 2.25% share price drop the following day. Historical performance shows mixed results in meeting EPS and revenue estimates over the past four quarters.
February 21, 2024 | 9:40 pm
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NEGATIVE IMPACT
American States Water reported lower than expected Q4 earnings and a decrease in revenue, continuing a trend of missing EPS estimates.
Given AWR's history of share price decline following earnings misses, the Q4 earnings miss and revenue decrease are likely to negatively impact the stock price in the short term. The consistent underperformance in earnings compared to estimates, as evidenced by the past quarters, reinforces the expectation of a negative market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100