American Water Works Q1 2024 GAAP EPS $0.95 Misses $0.99 Estimate, Sales $1.011B Beat $981.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Water Works (AWK) reported Q1 2024 earnings of $0.95 per share, missing the consensus estimate of $0.99. However, their sales of $1.011 billion exceeded the estimate of $981.750 million, marking a 7.78% increase from the previous year.

May 01, 2024 | 8:31 pm
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American Water Works reported Q1 2024 earnings below estimates but surpassed revenue expectations, indicating mixed financial performance.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, potentially putting downward pressure on the stock price. However, the beat on revenue expectations and the significant year-over-year sales growth could counterbalance the negative impact of the EPS miss, suggesting a neutral short-term price direction. The mixed financial performance highlights the company's ability to increase sales despite not meeting EPS expectations.
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