Middlesex Water (MSEX) got here out with quarterly earnings of $0.66 per share, lacking the Zacks C
Middlesex Water (MSEX) got here out with quarterly earnings of $0.66 per share, lacking the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.74 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -8.33%. 1 / 4 in the past, it was anticipated that this water utility would submit earnings of $0.55 per share when it truly produced earnings of $0.49, delivering a shock of -10.91%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Middlesex Water, which belongs to the Zacks Utility – Water Provide trade, posted revenues of $37.77 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 3.16%. This compares to year-ago revenues of $38.71 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the…