GEORGE TOWN, Cayman Islands, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, will hold a conference call on Thursday, August 15, 2024 at 11:00 a.m. Eastern time to discuss its results for the second quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Consolidated Water management will host the call, followed by a question and a ...

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Company Overview - Consolidated Water (CWCO) is projected to have earnings of $1.34 per share and revenue of $144.05 million for the full year, reflecting year-over-year changes of -30.57% and -20.07% respectively [1] - The company's upcoming earnings per share (EPS) is estimated at $0.34, indicating a 27.66% decrease from the same quarter last year, with revenue forecasted at $36.94 million, a 16.49% decline compared to the prior year [8] Analyst Estimates and Market Performance - Recent adjustments to analyst estimates for Consolidated Water reflect shifting short-term business dynamics, with positive changes indicating a favorable outlook on the company's health and profitability [2] - The Zacks Consensus EPS estimate has increased by 0.25% over the last 30 days, and Consolidated Water currently holds a Zacks Rank of 2 (Buy) [10] Valuation Metrics - Consolidated Water has a PEG ratio of 2.64, compared to the Utility - Water Supply industry's average PEG ratio of 2.97, indicating a relatively favorable valuation in terms of expected earnings growth [3] - The company is currently traded at a Forward P/E ratio of 21.14, which is a discount compared to the industry average Forward P/E of 21.59 [11] Industry Context - The Utility - Water Supply industry holds a Zacks Industry Rank of 35, placing it in the top 14% of over 250 industries, suggesting strong performance potential [3][4] - Over the past month, CWCO shares have gained 11.79%, outperforming the Utilities sector's gain of 0.93% and the S&P 500's gain of 1.96% [7][6]

Company Performance - Consolidated Water's shares experienced a loss of 2.91% over the previous month, outperforming the Utilities sector's loss of 4.45% but underperforming the S&P 500's gain of 4.44% [1] - In the latest trading session, Consolidated Water closed at $25.36, marking a +1.2% move from the previous day, which was more than the S&P 500's daily gain of 1.02% [7] - Analysts expect Consolidated Water to post earnings of $0.34 per share in the forthcoming earnings report, reflecting a year-over-year decline of 27.66%, with projected revenue of $36.94 million, indicating a 16.49% fall from the equivalent quarter last year [8] Financial Metrics - The Zacks Consensus Estimates suggest earnings of $1.33 per share and revenue of $143.89 million for the full year, marking changes of -31.09% and -20.15% from last year, respectively [2] - Consolidated Water's current Forward P/E ratio is 18.8, which is a discount compared to the industry average Forward P/E of 20.81 [4] - The company has a PEG ratio of 2.35, compared to the average PEG ratio of 2.7 for the Utility - Water Supply industry [11] Industry Context - The Utility - Water Supply industry is part of the Utilities sector and currently holds a Zacks Industry Rank of 163, placing it in the bottom 36% of all 250+ industries [5] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12]

The investment community will be paying close attention to the earnings performance of Consolidated Water in its upcoming release. On that day, Consolidated Water is projected to report earnings of $0.34 per share, which would represent a year-over-year decline of 27.66%. At the same time, our most recent consensus estimate is projecting a revenue of $36.94 million, reflecting a 16.49% fall from the equivalent quarter last year. Our research suggests that these changes in estimates have a direct relationshi ...

GEORGE TOWN, Cayman Islands, June 11, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, has been invited to participate at the 10th Annual ROTH London Conference being held at the Four Seasons Hotel London at Park Lane in London, England, on June 25-27, 2024. Consolidated Water's EVP & COO, Ramjeet Jerrybandan, will participate in one-on-one meetings with analysts and investors on June 26- ...

GEORGE TOWN, Cayman Islands, June 11, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, has been invited to participate at the 10th Annual ROTH London Conference being held at the Four Seasons Hotel London at Park Lane in London, England, on June 25-27, 2024. Consolidated Water's EVP & COO, Ramjeet Jerrybandan, will participate in one-on-one meetings with analysts and investors on June 26- ...

GEORGE TOWN, Cayman Islands, June 05, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, today announced that its board of directors has approved a quarterly cash dividend of $0.095 per share for the third quarter of 2024. The cash dividend is payable on July 31, 2024 to shareholders of record at the close of business on July 1, 2024. About Consolidated Water Co. Ltd. Ron Both or Grant Stud ...

David W. Sasnett Executive Vice President and CFO Tel (954) 509-8200 Email Contact Investor Relations Contact Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and reuse facilities in the United States. The company recently entered the U.S ...

GEORGE TOWN, Cayman Islands, June 04, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, announced today that on May 29, 2024 (the "Settlement Date") it settled the previously disclosed dispute between the Company's wholly-owned Dutch subsidiary, Consolidated Water Coöperatief, U.A. ("CW-Coöperatief") and the United Mexican States ("Mexico") relating to the termination by Mexican go ...