Middlesex Water Q1 2024 GAAP EPS $0.59 Beats $0.45 Estimate, Sales $40.500M Miss $44.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (MSEX) reported Q1 2024 earnings of $0.59 per share, surpassing the $0.45 estimate by 31.11%. However, their sales of $40.500M fell short of the $44.550M estimate by 9.09%, despite being a 6.14% increase from the previous year.
May 08, 2024 | 10:19 pm
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Middlesex Water reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, showing mixed financial performance.
The positive earnings surprise could lead to short-term positive sentiment among investors, offset by the missed sales estimates. The mixed results make the short-term impact neutral as investors weigh the significance of beating EPS estimates against missing sales forecasts.
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