GWRS Earnings Prediction
The chart below shows how GWRS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GWRS sees a +2.25% change in stock price 10 days leading up to the earnings, and a -0.20% change 10 days following the report. On the earnings day itself, the stock moves by -0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
GWRS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.32M
-1.45%
6.00%
Gross Margin
--
--
--
Operating Margin
27.82%
5.38%
34.40%
Net Margin
20.42%
12.63%
59.41%
EPS
0.12
9.09%
71.43%
No Data Available
GWRS Earnings Analysis
Global Water Resources, Inc. Corporation (GWRS.O) Earnings Conference Call
Positive
Active Service Connections Growth: 1. Customer Growth: Total active service connections increased by 4.7% to 63,889 as of September 30, 2024, reflecting a strong annualized growth rate of 4.5%.
Infrastructure Enhancement Investment: 2. Infrastructure Investment: Year-to-date, the company has invested $19.2 million into infrastructure improvements, enhancing the reliability of services provided to customers.
Compliance Excellence: 3. Strong Compliance Record: The company achieved zero significant compliance events for the quarter, maintaining a streak of over seven years without such events, underscoring its commitment to public health and safety.
Adjusted EBITDA Increase: 4. Adjusted EBITDA Growth: Adjusted EBITDA for Q3 2024 was $8.2 million, representing a 7.2% increase from $7.6 million in Q3 2023, indicating improved operational efficiency.
Buckeye Premium Growth: 5. Buckeye Premium Increase: The Buckeye premium for Q3 2024 was approximately $920,000, up 25% from the previous year, contributing positively to the company's financial performance.
Negative
Q3 Revenue Decline: Total revenue for the third quarter of 2024 was $14.3 million, which was down $0.2 million or 1.5% compared to Q3 2023.
Operating Expenses Decrease: Operating expenses for Q3 2024 were $10.3 million compared to $10.7 million in Q3 2023, indicating a decrease of approximately $0.4 million or 3.3%.
Revenue Decline Explanation: The decrease in revenue was primarily attributable to ICFA revenue recognized in Q3 2023 that did not recur in Q3 2024.
Net Income Increase Analysis: Despite a net income increase to $2.9 million in Q3 2024, the growth was marginal compared to the previous year's $2.6 million, reflecting only a $0.3 million increase.
Earnings Growth Challenges: High inflation and other cost drivers have caught up with us and are impacting our earnings growth.
GWRS FAQs
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GWRS Earning Call Sentiment
Global Water Resources, Inc. (GWRS) Q3 2024 Earnings Call Transcript
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00:00
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GWRS.O
-0.35%Positive
The earnings call presents mixed signals. While there are positive aspects like infrastructure investments, customer growth, and increased EBITDA, there are also concerns such as declining revenue, economic factors, and regulatory risks. The Q&A section reveals some uncertainty in management's responses, particularly regarding political impacts. The lack of clear guidance and the company's test year status add to the uncertainty, balancing the positive and negative aspects, leading to a neutral sentiment.
