In the latest close session, Consolidated Water (CWCO) was down 1.32% at $29.17. This change lagged the S&P 500's daily loss of 1.01%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 1.4%.
The developer and operator of desalination plants's shares have seen a decrease of 1.1% over the last month, not keeping up with the Utilities sector's gain of 0.62% and the S&P 500's gain of 0.32%.
Market participants will be closely following the financial results of Consolidated Water in its upcoming release. The company's upcoming EPS is projected at $0.22, signifying a 31.25% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $35 million, reflecting a 4.18% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.95 per share and a revenue of $133.59 million, demonstrating changes of -18.1% and +1.14%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Consolidated Water. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.58% lower. Currently, Consolidated Water is carrying a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Consolidated Water is holding a Forward P/E ratio of 31.28. This expresses a premium compared to the average Forward P/E of 22.08 of its industry.
The Utility - Water Supply industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 174, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Consolidated Water Co. Ltd. (CWCO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).