CWCO Earnings Prediction
The chart below shows how CWCO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CWCO sees a -0.51% change in stock price 10 days leading up to the earnings, and a +7.09% change 10 days following the report. On the earnings day itself, the stock moves by -0.79%. This data can give you a slight idea of what to expect for the next quarter's release.
CWCO Key Earning Data
CWCO Earnings Analysis
Positive
Quarterly Revenue Performance: Revenue for the third quarter totaled $33.4 million, reflecting a solid performance despite a 33% decrease from the same quarter last year.
Continuing Operations Profitability: Net income from continuing operations was $5 million, or $0.31 per diluted share, demonstrating profitability in challenging conditions.
Retail Water Sales Growth: Retail water sales increased due to a 4.2% rise in the volume of water sold, indicating strong customer demand and operational efficiency.
Bulk Segment Stability: The bulk segment experienced consistent revenue compared to last year, showcasing stability in this area of the business.
Gross Profit Margin Improvement: Gross profit for the quarter was $11.6 million, representing 34.8% of total revenue, which is an improvement from the previous year's gross profit margin.
Negative
Quarterly Revenue Decline: Revenue for the third quarter totaled $33.4 million, a 33% decrease from the same quarter of last year.
Construction Revenue Decline: This decrease is almost entirely due to a $20.6 million decrease in construction revenue.
Net Income Comparison: Net income from continuing operations was $5 million or $0.31 per diluted share, compared to net income of $8.8 million or $0.55 per diluted share for the third quarter of last year.
Discontinued Operations Loss: We reported a net loss in discontinued operations of $503,000 for the third quarter compared to a loss of $233,000 for the third quarter of 2023.
Manufacturing Revenue Decline: Our manufacturing segment revenue decreased by $362,000 to $4.4 million in the third quarter.
CWCO FAQs
How does CWCO typically perform around its earnings report dates?
CWCO's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a -0.51% change leading up to the report and a +7.09% change in the 10 days following the release.
Is Consolidated Water Co. Ltd. (CWCO) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CWCO Earning Call Sentiment
Consolidated Water Co. Ltd. (CWCO) Q3 2024 Earnings Call Transcript
CWCO.O
2.82%
