Essential Utilities Q2 2024 Adj EPS $0.28 Misses $0.32 Estimate, Sales $434.40M Miss $442.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essential Utilities (NYSE:WTRG) reported Q2 2024 earnings per share of $0.28, missing the analyst estimate of $0.32 by 12.5%. The company also reported sales of $434.40 million, falling short of the $442.76 million estimate by 1.89%. This represents a 0.53% decrease from the same period last year.
August 05, 2024 | 8:45 pm
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Essential Utilities reported Q2 2024 earnings per share of $0.28, missing the analyst estimate of $0.32 by 12.5%. Sales were $434.40 million, missing the $442.76 million estimate by 1.89%. This represents a 0.53% decrease from the same period last year.
The earnings and sales miss, along with a year-over-year sales decline, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100