Middlesex Water (Nasdaq: MSEX) is expected to report Q2 earnings around Aug. 3. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Middlesex Water's revenues will grow 2.8% and EPS will wane 0.0%.
The average estimate for revenue is $26.8 million. On the bottom line, the average EPS estimate is $0.23.
Revenue details
Last quarter, Middlesex Water reported revenue of $23.5 million. GAAP reported sales were 1.9% lower than the prior-year quarter's $24.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.11. GAAP EPS of $0.11 for Q1 were 35% lower than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 38.9%, 260 basis points worse than the prior-year quarter. Operating margin was 16.5%, 340 basis points worse than the prior-year quarter. Net margin was 7.7%, 330 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $105.6 million. The average EPS estimate is $0.83.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 50 members out of 58 rating the stock outperform, and eight members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Middlesex Water a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Middlesex Water is outperform, with an average price target of $20.00.
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