American States Water
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), American States Water beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins grew, net margins grew.
Revenue details
American States Water recorded revenue of $133.5 million. The five analysts polled by S&P Capital IQ foresaw a top line of $124.5 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $119.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.97. The six earnings estimates compiled by S&P Capital IQ predicted $0.80 per share. GAAP EPS of $0.97 for Q3 were 17% higher than the prior-year quarter's $0.83 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 56.4%, 770 basis points worse than the prior-year quarter. Operating margin was 27.3%, 30 basis points better than the prior-year quarter. Net margin was 14.0%, 100 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $98.8 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $444.7 million. The average EPS estimate is $2.44.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 134 members out of 140 rating the stock outperform, and six members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give American States Water a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American States Water is hold, with an average price target of $43.33.
Can your portfolio provide you with enough income to last through retirement? You'll need more than American States Water. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.
- Add American States Water to My Watchlist.