Global Water Resources Q2 2024 GAAP EPS $0.07, Inline, Sales $13.510M Miss $13.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Water Resources (NASDAQ:GWRS) reported Q2 2024 GAAP EPS of $0.07, meeting analyst expectations. However, the company missed sales estimates, reporting $13.510 million against the expected $13.600 million, a 0.66% shortfall. This represents a 3.92% increase from the same period last year.
August 07, 2024 | 9:39 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Global Water Resources reported Q2 2024 GAAP EPS of $0.07, meeting expectations, but missed sales estimates with $13.510 million, a 0.66% shortfall. Sales increased 3.92% YoY.
The earnings per share met analyst expectations, which is neutral news. However, the slight miss in sales estimates by 0.66% could be seen as a minor negative. The year-over-year sales increase of 3.92% is a positive sign, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100