American Water Works Q2 2024 GAAP EPS $1.42 Misses $1.46 Estimate, Sales $1.149B Beat $1.115B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Water Works (NYSE:AWK) reported Q2 2024 earnings per share (EPS) of $1.42, missing the analyst consensus estimate of $1.46 by 2.74%. However, the company reported sales of $1.149 billion, beating the estimate of $1.115 billion by 3.10%. This represents a 4.74% increase over the same period last year.
July 31, 2024 | 8:29 pm
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American Water Works reported Q2 2024 EPS of $1.42, missing estimates by 2.74%, but sales of $1.149 billion beat estimates by 3.10%, showing a 4.74% YoY increase.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on AWK's stock price. The sales beat and YoY growth are positive, but the EPS miss may offset these gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100