This Top Utilities Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
Should You Buy #1 (Strong Buy)-Ranked Consolidated Water (CWCO) for Your Portfolio?
Consolidated Water was upgraded to the Zacks Rank #1 list on September 6, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Consolidated Water Co., along with its subsidiaries, is involved in the development and operation of seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. The company also focuses on expanding operation in areas having a large proportion of tourist properties and growing population. The company was founded in 1973.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.46 to $1.43 per share. CWCO boasts an average earnings surprise of 23.8%.
Earnings are forecasted to see growth of 164.8% for the current fiscal year, and sales are expected to increase 53.2%.
Even more impressive, CWCO has gained in value over the past four weeks, up 40% compared to the S&P 500's gain of 0.6%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Consolidated Water could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Consolidated Water Co. Ltd. (CWCO) : Free Stock Analysis Report
