Middlesex Water Q3 2024 GAAP EPS $0.80 Beats $0.69 Estimate, Sales $55.100M Beat $52.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (NASDAQ:MSEX) reported strong Q3 2024 results, with EPS of $0.80 beating estimates by 15.94% and sales of $55.1M surpassing expectations by 5.15%. This marks a significant year-over-year growth in both earnings and sales.
October 31, 2024 | 8:55 pm
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Middlesex Water reported Q3 2024 EPS of $0.80, beating estimates by 15.94%, and sales of $55.1M, exceeding expectations by 5.15%. This reflects a strong year-over-year growth in both earnings and sales.
The company's earnings and sales both exceeded analyst expectations, indicating strong financial performance. The significant year-over-year growth in both metrics suggests positive momentum, likely leading to a favorable short-term impact on the stock price.
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