A month has gone by since the last earnings report for American States Water (AWR) . Shares have lost about 4.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is American States Water due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. American States Water Q1 Earnin ...

Core Viewpoint - American States Water Company (AWR) is strengthening its infrastructure through strategic investments, but its heavy reliance on California for earnings poses challenges [1][4]. Group 1: Tailwinds - AWR has a robust utility customer base, with a steady increase in electricity and water utility customers [2]. - The company plans to invest $611.4 million in capital expenditures from 2025 to 2027 to enhance its infrastructure [2]. - AWR's subsidiary, American States Utility Services (ASUS), has secured long-term contracts at military bases, including a $349 million contract at Naval Air Station Patuxent River and a $75 million contract at Joint Base Cape Cod, providing earnings stability [2][3]. Group 2: Headwinds - AWR's operations are heavily concentrated in California, making its financial performance vulnerable to various risks, including political, regulatory, and environmental factors [4]. - The company faces potential groundwater contamination risks, which could lead to additional costs for remediation [4]. Group 3: Price Performance - Over the past month, AWR shares have decreased by 1.3%, slightly better than the industry's decline of 1.4% [5]. Group 4: Stocks to Consider - Other companies in the sector with better rankings include California Water Service Group (CWT) and Primo Water (PRMW), both rated Zacks Rank 1 (Strong Buy), and IDACORP (IDA), rated Zacks Rank 2 (Buy) [8]. - CWT's 2024 EPS is expected to grow by 246.2% year over year, while PRMW has a long-term earnings growth rate of 15.47% [8].

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American States Water Company (AWR) reported first-quarter 2024 operating earnings per share (EPS) of 62 cents, which beat the Zacks Consensus Estimate of 59 cents by 5.1%.Total RevenuesOperating revenues came in at $135.2 million, surpassing the Zacks Consensus Estimate of $119 million by 13.7%. However, the top line declined 16% from $161 million reported in the prior year.Highlights of the ReleaseOperating expenses in the quarter were $96.3 million, down 12.7% from the year-ago quarter’s $110.3 million. ...

American States Water Company (NYSE:AWR) Q1 2024 Earnings Conference Call May 8, 2024 2:00 PM ET Company Participants Bob Sprowls - President & Chief Executive Officer Eva Tang - Senior Vice President, Finance & Chief Financial Officer Conference Call Participants Jonathan Reeder - Wells Fargo Operator Ladies and gentlemen, thank you for standing by. Welcome to the American States Water Company Conference call discussing the company's First Quarter 2024 Results. The call is being recorded. If you would like ...

Financial Performance - Diluted earnings per share decreased by $0.31, from $0.93 in Q1 2023 to $0.62 in Q1 2024[9] - Adjusted diluted earnings per share increased by $0.02, from $0.60 in Q1 2023 to $0.62 in Q1 2024[9] - Water segment operating revenues decreased by $22.4 million, from $112.7 million in Q1 2023 to $90.3 million in Q1 2024[12] - Total operating revenues decreased by $26.1 million, from $161.4 million in Q1 2023 to $135.3 million in Q1 2024[12] - Operating cash flows increased by $38.8 million, from $7.0 million in 2023 to $45.8 million in 2024[16] Contracted Services (ASUS) - Contracted Services earnings per share decreased by $0.02, from $0.15 in Q1 2023 to $0.13 in Q1 2024[10] - ASUS secured a 50-year contract at Naval Air Station Patuxent River with an estimated value of $349 million[9, 21] - ASUS secured a 15-year contract at Joint Base Cape Cod for up to $75 million[9, 21] - ASUS is projected to contribute $0.50 - $0.54 per share in 2024[21] Regulatory and Financial Activities - GSWC requested capital budgets of approximately $611.4 million over the rate cycle for water rates in 2025-2027[17] - AWR entered into an Equity Distribution Agreement to sell Common Shares through an at-the-market offering program of up to $200 million[16]

American States Water (AWR) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.08%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of 3.77%.Over the last four ...

Exhibit 99.1 American States Water Company Announces First Quarter 2024 Results • 2024 first quarter recorded (and adjusted) earnings were $0.62 per share, compared to 2023 first quarter recorded earnings of $0.93 per share. Adjusted earnings for 2023 first quarter were $0.60 per share excluding: ◦ $0.38 per share related to the full year of 2022 because of receiving a proposed decision in the water utility general rate case, and ◦ $0.05 per share recorded as revenues subject to refund that were subsequentl ...