Consolidated Water Third Quarter 2024 Earnings: Beats Expectations

Consolidated Water (NASDAQ:CWCO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$33.4m (down 33% from 3Q 2023).
• Net income: US$4.96m (down 44% from 3Q 2023).
• Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.31 (down from US$0.56 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Consolidated Water Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.6% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Consolidated Water (1 is potentially serious!) that you need to be mindful of.

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