Middl
Middlesex Water (MSEX) got here out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.43 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 12.20%. 1 / 4 in the past, it was anticipated that this water utility would submit earnings of $0.72 per share when it truly produced earnings of $0.66, delivering a shock of -8.33%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Middlesex Water, which belongs to the Zacks Utility – Water Provide business, posted revenues of $32.74 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 5.52%. This compares to year-ago revenues of $33.27 million. The corporate has not been in a position to beat consensus income estimates over the past 4 quarters.
The sustainability of the…