Middlesex Water Q2 EPS $0.59 Misses $0.64 Estimate, Sales $49.15M Miss $49.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (NASDAQ:MSEX) reported Q2 earnings per share of $0.59, missing the analyst estimate of $0.64 by 7.81%. Sales were $49.15M, slightly below the $49.40M estimate. Despite the misses, EPS increased by 7.27% and sales by 14.82% year-over-year.
July 31, 2024 | 9:27 pm
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NEGATIVE IMPACT
Middlesex Water's Q2 earnings and sales missed analyst estimates, which may negatively impact the stock price in the short term. However, the year-over-year growth in both EPS and sales could provide some support.
The misses on both EPS and sales estimates are likely to weigh on the stock price in the short term. However, the year-over-year growth in both metrics could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100