American States Water's (AWR) Q4 Earnings Coming Up: What Awaits?
American States Water AWR is scheduled to release fourth-quarter 2023 earnings on Feb 21 after market close. The company delivered a positive earnings surprise of 3.66% in the last quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play
American States Water’s fourth-quarter earnings are likely to have benefited from ongoing investments to strengthen the operation and implementation of new rates in its service territories.
The still high interest rates are likely to have increased overall borrowing costs in the fourth quarter and offset some upsides.
Expectation
The Zacks Consensus for American States Water’s earnings is pegged at 0.53 cents per share, implying a year-over-year increase of 6%.
The Zacks Consensus Estimate for fourth-quarter sales stands at $132 million, suggesting an increase of 5.29% from the year-ago reported number.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for AWR this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as you will see below.
American States Water Company Price and EPS Surprise
American States Water Company price-eps-surprise | American States Water Company Quote
Earnings ESP: AWR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, AWR carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.
Dominion Energy D is likely to come up with an earnings beat when it reports its fourth-quarter 2023 earnings on Feb 22 before market open. It has an Earnings ESP of +0.63% and presently carries a Zacks Rank of 3.
Sempra Energy SRE is likely to pull off an earnings beat when it reports fourth-quarter 2023 earnings on Feb 27 before market open. It has an Earnings ESP of +1.18% and a Zacks Rank of 3 at present.
Southwest Gas SWX is likely to come up with an earnings beat when it reports its fourth-quarter earnings on Feb 28. It has an Earnings ESP of +1.45% and carries a Zacks Rank of 3 at present.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Sempra Energy (SRE) : Free Stock Analysis Report
Dominion Energy Inc. (D) : Free Stock Analysis Report
Southwest Gas Corporation (SWX) : Free Stock Analysis Report
American States Water Company (AWR) : Free Stock Analysis Report
