American States Wat
American States Water Firm AWR reported second-quarter 2021 working earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 70 cents by 2.9%. Additionally, the underside line improved 4.3% from the year-ago quarter’s earnings of 69 cents per share.
Complete Revenues
Working revenues of $128.Four million beat the Zacks Consensus Estimate of $124 million by 3.6%. Additionally, the highest line improved 5.9% from $121.Three million within the prior-year quarter.
American States Water Firm Worth, Consensus and EPS Shock
American States Water Firm price-consensus-eps-surprise-chart | American States Water Firm Quote
Operational Replace
Within the quarter underneath evaluate, American States Water’s complete working bills have been $90.6 million, up 5.9% 12 months over 12 months. This may primarily be attributed to extend in water bought, energy bought for pumping, energy bought for resale and groundwater manufacturing evaluation bills.
Working revenue was $37.eight million, up 6% 12 months over 12 months.
Curiosity bills have been $6 million, up 13.3% 12 months over 12 months. Curiosity revenue was $0.Three million, down 29% from the prior-year quarter.
Phase Particulars
Earnings within the Water section have been 57 cents per share, up from 54 cents within the prior-year quarter. This upside was primarily pushed by a better water gross margin, ensuing from new charges licensed by the California Public Utilities Fee (CPUC).
Earnings within the Electrical section of Four cents per share have been up from Three cents within the year-ago quarter. The rise was owing to a stable electrical gross margin ensuing from larger buyer charges for 2021, accredited by the CPUC together with comparatively flat working bills.
Earnings within the Contracted Providers section have been 11 cents per share, down from 12 cents within the year-ago quarter. This may be attributed to an increase in development prices incurred on sure initiatives.
Monetary Replace
As of Jun 30, 2021, American States Water’s money and money equivalents have been $5.Four million in contrast with $36.7 million as of Dec 31, 2020.
As of Jun 30, 2021, the corporate’s long-term debt was $412.Three million, down from $440.Three million as of Dec 31, 2020.
Zacks Rank
American States Water presently has a Zacks Rank #3 (Maintain). You’ll be able to see the whole record of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Peer Releases
California Water Service CWT recorded second-quarter 2021 earnings of 75 cents per share, outperforming the Zacks Consensus Estimate of 37 cents by 102.7%.
American Water Works AWK recorded second-quarter 2021 earnings of $1.14 per share, outperforming the Zacks Consensus Estimate of $1.08 by 5.6%.
Upcoming Launch
Important Utilities Inc. WTRG is scheduled to announce second-quarter 2021 outcomes on Aug 5. The Zacks Consensus Estimate for earnings per share is pegged at 27 cents.
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