Consolidated Water Co Q2 EPS $0.26 Misses $0.34 Estimate, Sales $32.50M Miss $37.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Consolidated Water Co (NASDAQ:CWCO) reported Q2 earnings per share of $0.26, missing the analyst estimate of $0.34 by 23.53%. Sales were $32.50M, also missing the $37.30M estimate by 12.87%. Both EPS and sales showed significant declines compared to the same period last year.
August 14, 2024 | 8:47 pm
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Consolidated Water Co reported Q2 EPS of $0.26, missing estimates by 23.53%, and sales of $32.50M, missing estimates by 12.87%. Both metrics showed significant declines compared to the same period last year.
The significant misses on both EPS and sales, along with the year-over-year declines, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100