Consolidated Water (CWCO) Stock Drops Despite Market Gains: Important Facts to Note

Consolidated Water (CWCO) closed at $33.92 in the latest trading session, marking a -1.71% move from the prior day. This change lagged the S&P 500's 0.49% gain on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.72%. Coming into today, shares of the developer and operator of desalination plants had gained 5.89% in the past month. In that same time, the Utilities sector lost 0.94%, while the S&P 500 gained 2.99%. Market participants will be closely following the financial results of Consolidated Water in its upcoming release. The company is forecasted to report an EPS of $0.24, showcasing a 22.58% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $32.8 million, reflecting a 1.77% fall from the equivalent quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.12 per share and revenue of $133.33 million, indicating changes of 0% and -0.48%, respectively, compared to the previous year. Investors might also notice recent changes to analyst estimates for Consolidated Water. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.33% higher. Right now, Consolidated Water possesses a Zacks Rank of #2 (Buy). From a valuation perspective, Consolidated Water is currently exchanging hands at a Forward P/E ratio of 30.81. This denotes a premium relative to the industry average Forward P/E of 21.5. The Utility - Water Supply industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Consolidated Water Co. Ltd. (CWCO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks