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American States Water's (AWR) Q4 Earnings In Line, Up Y/Y
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American States Water Company (AWR - Free Report) generated fourth-quarter 2018 operating earnings of 37 cents per share, in line with the Zacks Consensus Estimate. Further, the bottom line improved 5.7% from 35 cents in the year-ago quarter.
In 2018, earnings came in at $1.72 per share compared with $1.75 in 2017.
Total Revenues
Operating revenues amounted to $111 million, which beat the Zacks Consensus Estimate of $107 million by 3.7%. The top line improved 6.5% from $104.2 in the prior-year quarter. Total revenues increased primarily on the back of higher revenues in the Contracted services segment, which was up by nearly 23.2%.
In 2018, the company delivered revenues of $436.8 million compared with $440.6 million in 2017.
American States Water Company Price, Consensus and EPS Surprise
In the quarter under review, American States Water’s total operating expenses were $88.2 million, up 7.3% year over year.
Interest expenses were $5.5 million, up 10.8% year over year. Also, interest income was $1.7 million, up 199.2% year over year.
Segment Details
Earnings in the Water segment were 17 cents, down from 18 cents in the prior-year quarter.
Earnings in the Electric segment amounted to 3 cents, up from 2 cents in the year-ago quarter.
Earnings in the Contracted Services segments were 18 cents, which rallied 63.6% from the year-ago quarter’s tally.
Financial Update
As of Dec 31, 2018, American States Water’s cash and cash equivalents were $7.1 million compared with $0.21 million as of Dec 31, 2017.
As of Dec 31, 2018, the company’s long-term debts were down at $281 million compared with $321 million as of Dec 31, 2017.
Recent Utility Releases
American Water Works Company (AWK - Free Report) posted fourth-quarter 2018 earnings per share of 69 cents, which is in line with the Zacks Consensus Estimate.
Aqua America Inc. reported fourth-quarter 2018 earnings per share of 31 cents, lagging the Zacks Consensus Estimate by a penny.
IDACORP, Inc. (IDA - Free Report) delivered fourth-quarter 2018 operating earnings of 52 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 8.3%.
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American States Water's (AWR) Q4 Earnings In Line, Up Y/Y
American States Water Company (AWR - Free Report) generated fourth-quarter 2018 operating earnings of 37 cents per share, in line with the Zacks Consensus Estimate. Further, the bottom line improved 5.7% from 35 cents in the year-ago quarter.
In 2018, earnings came in at $1.72 per share compared with $1.75 in 2017.
Total Revenues
Operating revenues amounted to $111 million, which beat the Zacks Consensus Estimate of $107 million by 3.7%. The top line improved 6.5% from $104.2 in the prior-year quarter. Total revenues increased primarily on the back of higher revenues in the Contracted services segment, which was up by nearly 23.2%.
In 2018, the company delivered revenues of $436.8 million compared with $440.6 million in 2017.
American States Water Company Price, Consensus and EPS Surprise
American States Water Company Price, Consensus and EPS Surprise | American States Water Company Quote
Operational Update
In the quarter under review, American States Water’s total operating expenses were $88.2 million, up 7.3% year over year.
Interest expenses were $5.5 million, up 10.8% year over year. Also, interest income was $1.7 million, up 199.2% year over year.
Segment Details
Earnings in the Water segment were 17 cents, down from 18 cents in the prior-year quarter.
Earnings in the Electric segment amounted to 3 cents, up from 2 cents in the year-ago quarter.
Earnings in the Contracted Services segments were 18 cents, which rallied 63.6% from the year-ago quarter’s tally.
Financial Update
As of Dec 31, 2018, American States Water’s cash and cash equivalents were $7.1 million compared with $0.21 million as of Dec 31, 2017.
As of Dec 31, 2018, the company’s long-term debts were down at $281 million compared with $321 million as of Dec 31, 2017.
Recent Utility Releases
American Water Works Company (AWK - Free Report) posted fourth-quarter 2018 earnings per share of 69 cents, which is in line with the Zacks Consensus Estimate.
Aqua America Inc. reported fourth-quarter 2018 earnings per share of 31 cents, lagging the Zacks Consensus Estimate by a penny.
IDACORP, Inc. (IDA - Free Report) delivered fourth-quarter 2018 operating earnings of 52 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 8.3%.
Zacks Rank
American States Water carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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