Global Water Resources Full Year 2024 Earnings: EPS Misses Expectations

Global Water Resources (NASDAQ:GWRS) Full Year 2024 Results

Key Financial Results

• Revenue: US$52.7m (flat on FY 2023).
• Net income: US$5.79m (down 28% from FY 2023).
• Profit margin: 11% (down from 15% in FY 2023).
• EPS: US$0.24 (down from US$0.33 in FY 2023).

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

Global Water Resources EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

In the last 12 months, the only revenue segment was Regulated Water, Wastewater and Recycled Water Utilities contributing US$52.7m. The largest operating expense was General & Administrative costs, amounting to US$16.9m (51% of total expenses). Explore how GWRS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Global Water Resources has 2 warning signs we think you should be aware of.

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