Connecticut Water Service
The 10-second takeaway
For the quarter ended March 31 (Q1), Connecticut Water Service beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins dropped, operating margins dropped, net margins expanded.
Connecticut Water Service reported revenue of $21.5 million. The three analysts polled by S&P Capital IQ predicted revenue of $20.5 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $18.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The four earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS of $0.24 for Q1 were 9.1% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.4%, 60 basis points worse than the prior-year quarter. Operating margin was 22.7%, 170 basis points worse than the prior-year quarter. Net margin was 13.2%, 290 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $23.3 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $91.1 million. The average EPS estimate is $1.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 40 members out of 43 rating the stock outperform, and three members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Connecticut Water Service a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Connecticut Water Service is outperform, with an average price target of $32.00.
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