Middlesex Water Q4 EPS $0.32 Misses $0.52 Estimate, Sales $38.60M Miss $44.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (NASDAQ:MSEX) reported Q4 earnings of $0.32 per share, missing the $0.52 estimate, and sales of $38.60M, missing the $44.90M estimate. This represents a 20% decrease in earnings and a 0.57% decrease in sales from the same period last year.
March 01, 2024 | 6:23 am
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Middlesex Water reported lower than expected Q4 earnings and sales, with a significant miss on both fronts compared to analyst estimates.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a year-over-year decrease in both metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
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