Global Water Resources Q4 2023 GAAP EPS $0.050 Beats $0.040 Estimate, Sales $12.368M Beat $12.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Water Resources (GWRS) reported Q4 2023 earnings of $0.050 per share, surpassing the $0.040 estimate by 25%. Quarterly sales reached $12.368M, exceeding the $12.000M estimate by 3.07% and marking an 11.43% increase from the previous year.
March 07, 2024 | 6:16 am
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POSITIVE IMPACT
Global Water Resources reported higher than expected Q4 2023 earnings and sales, indicating strong financial performance.
Beating both earnings and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The significant beat and year-over-year growth underscore the company's strong performance and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100