FIW: Water Remains Expensive
Portfolio Pulse from
The First Trust Water ETF (FIW) is facing challenges with high expense ratios and concerning valuations. It trades at 24.28 forward earnings with only 10.01% estimated earnings growth, underperforming compared to the XLI ETF. Additionally, FIW's earnings momentum is weak, with an average earnings surprise of just 3.47% last quarter.
November 05, 2024 | 5:45 pm
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NEGATIVE IMPACT
FIW is facing challenges with high expense ratios and concerning valuations. It trades at 24.28 forward earnings with only 10.01% estimated earnings growth, underperforming compared to the XLI ETF. Additionally, FIW's earnings momentum is weak, with an average earnings surprise of just 3.47% last quarter.
FIW's high expense ratio and concerning valuation metrics, such as trading at 24.28 forward earnings with only 10.01% estimated growth, suggest potential underperformance. Its earnings momentum is also weak, with only a 3.47% earnings surprise last quarter, indicating potential short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100