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GWRS

Global Water Resources, Inc.

https://www.gwresources.com

Industry

Regulated Water

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2020, it served approximately 74,048 people in approximately 27,630 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Insider purchases were made in Bioventus, W. P. Carey, and Global Water Resources, indicating potential confidence in these companies. Bioventus reported strong financial results, W. P. Carey had positive sales, while Global Water Resources had weaker sales.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 11:37 am

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.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:39 pm

Global Water Resources reports a significant increase in organic growth, with active connections rising by 4.9% year over year, compared to 1.9% in the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:20 pm

Global Water Resources (NASDAQ:GWRS) reported Q1 earnings of $0.03 per share, meeting consensus estimates but marking a 70% decrease from the previous year. Quarterly sales were $11.61M, missing estimates by 0.77% and showing an 11.56% decrease year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 pm

Global Water Resources, Inc. (GWRS) is set to acquire seven water systems from Tucson Water, adding 2,200 customer connections in Pima County. This acquisition, pending approval by the Arizona Corporation Commission, is expected to be completed early next year. It aligns with GWRS's growth strategy and will increase their total customer base in the area to 7,200. The company plans to integrate these systems with its existing utilities, modernize them with advanced metering infrastructure (AMI), and implement best practices for water management.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:51 pm

Global Water Resources Inc (NASDAQ:GWRS) reported Q4 FY23 sales growth of 11.4% year-on-year to $12.368 million, surpassing analyst estimates. The growth was primarily due to new connections from the acquisition of Farmers Water. Operating income rose 34.8% to $1.66 million, and active service connections increased by 9.8%. Adjusted EPS was $0.07, above analyst expectations of $0.04. The company ended the quarter with $4.76 million in cash.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 1:45 pm

Global Water Resources (GWRS) reported Q4 2023 earnings of $0.050 per share, surpassing the $0.040 estimate by 25%. Quarterly sales reached $12.368M, exceeding the $12.000M estimate by 3.07% and marking an 11.43% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:16 am

Numerous companies are scheduled to report their earnings on March 6, 2024, covering a wide range of industries from technology to retail. Notable mentions include JD.com with expected earnings of $0.63 per share on a revenue of $42.16 billion, and Abercrombie & Fitch forecasting $2.83 per share on $1.43 billion revenue. Other companies like Foot Locker, Thor Industries, and Campbell Soup are also set to report their earnings, alongside firms expected to report losses such as WAVE Life Sciences and EVgo.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 10:00 am

Global Water Resources (NASDAQ:GWRS) is scheduled to release its quarterly earnings report on March 6, 2024. Analysts predict an EPS of $0.05. The company's past performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements. Shares are currently trading at $13.05, with a 3.47% increase over the last 52 weeks. Investors are looking for not only an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 7:03 pm

Global Water Resources (NASDAQ:GWRS) announced a monthly dividend of 2.51 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will trade lower by the dividend amount. The dividend is payable on December 28, 2023.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 2:45 pm

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