American States Water Q1 2024 Adj EPS $0.62, Inline, Sales $135.251M Beat $119.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
American States Water (NYSE:AWR) reported Q1 2024 adjusted EPS of $0.62, meeting analyst estimates, with sales of $135.251M surpassing the $119M forecast. This represents a 3.33% increase in EPS and a 16.21% decrease in sales from the same period last year.
May 07, 2024 | 10:31 pm
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American States Water reported a Q1 2024 adjusted EPS of $0.62, in line with estimates, and sales of $135.251M, exceeding expectations. EPS increased by 3.33% YOY, while sales decreased by 16.21%.
Meeting EPS estimates and exceeding sales forecasts typically have a positive impact on investor sentiment and stock price in the short term. The increase in EPS indicates operational efficiency or growth, which is positive. However, the significant decrease in sales YOY might raise concerns about revenue growth sustainability, potentially moderating the positive impact.
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