AWR Earnings Prediction
The chart below shows how AWR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AWR sees a -1.35% change in stock price 10 days leading up to the earnings, and a +1.00% change 10 days following the report. On the earnings day itself, the stock moves by -0.25%. This data can give you a slight idea of what to expect for the next quarter's release.
AWR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
161.78M
6.65%
4.16%
Gross Margin
73.81%
0.31%
-5.69%
Operating Margin
34.04%
-0.21%
2.16%
Net Margin
22.15%
6.44%
8.00%
EPS
0.95
11.76%
11.76%
No Data Available
AWR Earnings Analysis
American States Water Company Corporation (AWR.N) Earnings Conference Call
Positive
Earnings Per Share Increase: 1. Increased Earnings Per Share: Consolidated earnings per share for Q3 2024 were $0.95, up from $0.85 in Q3 2023, reflecting a $0.10 increase year-over-year.
Capital Investment Strategy: 2. Significant Capital Investment: The company has invested $172.5 million in infrastructure year-to-date and plans to invest a record $210 million to $230 million in capital expenditures for the full year.
Earnings Growth Projection: 3. Projected Earnings Growth: ASUS is projected to contribute between $0.54 to $0.57 per share in 2024, an increase from the previous estimate of $0.50 to $0.54 per share.
Capital Award Milestone: 4. Record New Capital Awards: ASUS was awarded a record high of $54 million in new capital upgrade construction projects during the nine months ended September 30, 2024, compared to $25.2 million for the full year of 2023.
Cash Flow Improvement: 5. Strong Cash Flow: Net cash provided by operating activities was $134.2 million for the nine months ended September 30, 2024, significantly higher than $56.5 million for the same period in 2023.
Negative
Electric Segment Earnings Decline: 1. Declining Electric Segment Earnings: The electric segment earnings decreased to $0.02 per share for Q3 2024, down from $0.04 per share in Q3 2023, primarily due to the absence of new rates and rising interest costs.
EPS Decline Year-to-Date: 2. Year-to-Date EPS Decline: Consolidated year-to-date earnings fell to $2.42 per share for the first nine months of 2024, compared to $2.82 per share for the same period in 2023, reflecting a decrease of $0.40 per share.
Rising Operating Expenses: 3. Increased Operating Expenses: Total operating expenses, excluding supply costs, rose by $5.3 million compared to Q3 2023, driven by higher administrative costs and increased depreciation and property tax expenses.
Increased Interest Expense: 4. Higher Interest Expense: Interest expense net of interest income increased by $1.9 million due to higher average interest rates and overall borrowing levels during the quarter.
Earnings Decline Analysis: 5. Lower ASUS Earnings: ASUS earnings for Q3 2024 were $0.11 per share, down from $0.12 per share in Q3 2023, indicating a slight decline in performance despite consistent operations.
AWR FAQs
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AWR Earning Call Sentiment
American States Water Company (AWR) Q3 2024 Earnings Call Transcript
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AWR.N
1.75%Positive
The earnings call summary presents a positive outlook with strong financial performance, including EPS growth and increased revenues. The dividend growth and ASUS's increased earnings contribution provide further confidence. While there are some risks related to rate case approvals and competitive pressures, the optimistic guidance and strategic investments offset these concerns. The Q&A section reveals some uncertainties, but they do not significantly detract from the overall positive sentiment. Considering the company's market cap, the stock price is likely to react positively, falling in the 2% to 8% range over the next two weeks.
