Global Water Resources Q1 EPS $0.03, Inline, Sales $11.61M Miss $11.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Water Resources (NASDAQ:GWRS) reported Q1 earnings of $0.03 per share, meeting consensus estimates but marking a 70% decrease from the previous year. Quarterly sales were $11.61M, missing estimates by 0.77% and showing an 11.56% decrease year-over-year.
May 08, 2024 | 10:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Global Water Resources reported Q1 EPS of $0.03, matching estimates but down 70% YOY. Sales of $11.61M missed estimates by 0.77%, down 11.56% YOY.
The reported earnings and sales miss, coupled with significant year-over-year declines, are likely to negatively impact investor sentiment towards GWRS in the short term. The alignment with EPS estimates may provide some stability, but the overall negative growth trends and sales miss are critical factors likely to drive the stock price down.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100