We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American States Water's (AWR) Earnings Beat Estimates in Q4
Read MoreHide Full Article
American States Water Company (AWR - Free Report) generated fourth-quarter 2019 operating earnings of 45 cents per share, which beat the Zacks Consensus Estimate of 41 cents by 9.8%. Further, the bottom line rallied 21.6% from 37 cents in the year-ago quarter.
In 2019, earnings came in at $2.24 per share compared with $1.72 in 2018.
Total Revenues
Operating revenues amounted to $113 million, which missed the Zacks Consensus Estimate of $117 million by 3.4%. However, the top line inched up 1.8% from $111 million in the prior-year quarter. Total revenues increased primarily on the back of higher revenues in the Water and Electric segments.
In 2019, the company delivered revenues of $473.9 million compared with $436.8 million in 2018.
American States Water Company Price, Consensus and EPS Surprise
In the quarter under review, American States Water’s total operating expenses were $88.3 million, up 0.01% year over year.
Interest expenses were $5.7 million, up 3.5% year over year. Also, interest income was $0.6 million, down from $1.7 million in the prior-year quarter.
Segment Details
Earnings in the Water segment were 28 cents, up from 17 cents in the prior-year quarter.
Earnings in the Electric segment amounted to 5 cents, up from 3 cents in the year-ago quarter.
Earnings in the Contracted Services segment were 12 cents, which declined 33.3% from the year-ago quarter’s tally.
Financial Update
As of Dec 31, 2019, American States Water’s cash and cash equivalents were $1.3 million compared with $7.1 million as of Dec 31, 2018.
As of Dec 31, 2019, the company’s long-term debts were $280.9 million compared with $281 million as of Dec 31, 2018.
Recent Water Utility Release
American Water Works Company (AWK - Free Report) posted fourth-quarter 2019 earnings of 73 cents per share, in line with the Zacks Consensus Estimate.
Upcoming Water Utility Releases
SJW Group (SJW - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 26. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 33 cents per share.
California Water Service Group (CWT - Free Report) is slated to release fourth-quarter 2019 financial numbers on Feb 27. The Zacks Consensus Estimate for quarterly earnings is at 33 cents.
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
American States Water's (AWR) Earnings Beat Estimates in Q4
American States Water Company (AWR - Free Report) generated fourth-quarter 2019 operating earnings of 45 cents per share, which beat the Zacks Consensus Estimate of 41 cents by 9.8%. Further, the bottom line rallied 21.6% from 37 cents in the year-ago quarter.
In 2019, earnings came in at $2.24 per share compared with $1.72 in 2018.
Total Revenues
Operating revenues amounted to $113 million, which missed the Zacks Consensus Estimate of $117 million by 3.4%. However, the top line inched up 1.8% from $111 million in the prior-year quarter. Total revenues increased primarily on the back of higher revenues in the Water and Electric segments.
In 2019, the company delivered revenues of $473.9 million compared with $436.8 million in 2018.
American States Water Company Price, Consensus and EPS Surprise
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
Operational Update
In the quarter under review, American States Water’s total operating expenses were $88.3 million, up 0.01% year over year.
Interest expenses were $5.7 million, up 3.5% year over year. Also, interest income was $0.6 million, down from $1.7 million in the prior-year quarter.
Segment Details
Earnings in the Water segment were 28 cents, up from 17 cents in the prior-year quarter.
Earnings in the Electric segment amounted to 5 cents, up from 3 cents in the year-ago quarter.
Earnings in the Contracted Services segment were 12 cents, which declined 33.3% from the year-ago quarter’s tally.
Financial Update
As of Dec 31, 2019, American States Water’s cash and cash equivalents were $1.3 million compared with $7.1 million as of Dec 31, 2018.
As of Dec 31, 2019, the company’s long-term debts were $280.9 million compared with $281 million as of Dec 31, 2018.
Recent Water Utility Release
American Water Works Company (AWK - Free Report) posted fourth-quarter 2019 earnings of 73 cents per share, in line with the Zacks Consensus Estimate.
Upcoming Water Utility Releases
SJW Group (SJW - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 26. The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 33 cents per share.
California Water Service Group (CWT - Free Report) is slated to release fourth-quarter 2019 financial numbers on Feb 27. The Zacks Consensus Estimate for quarterly earnings is at 33 cents.
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.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>