Essential Utilities Q4 EPS $0.50, Inline, Sales $479.42M Miss $708.65M Estimate
Portfolio Pulse from Happy Mohamed
Essential Utilities (NYSE:WTRG) reported Q4 earnings of $0.50 per share, meeting analyst estimates but with a 13.64% increase from last year. However, their sales of $479.42M fell short of the $708.65M estimate, marking a 32.35% miss and a 32.03% decrease from the previous year.
February 22, 2024 | 9:46 pm
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Essential Utilities reported Q4 EPS of $0.50, aligning with estimates and showing a 13.64% YOY increase. However, their sales of $479.42M significantly missed estimates by 32.35% and decreased by 32.03% YOY.
While WTRG met EPS estimates, the significant miss in sales forecasts and the substantial year-over-year decrease in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100