GEORGE TOWN, Cayman Islands, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported that its wholly owned subsidiary, Cayman Water Company, has received its new concession from the Cayman Islands government that grants it the continued exclusive rights to produce and supply potable water within its existing service area on Grand Cayman, the largest island of the Cayman ...

Core Insights - Consolidated Water Co. Ltd. has received a new concession from the Cayman Islands government, granting exclusive rights to produce and supply potable water in its service area on Grand Cayman [1][4] - Cayman Water Company operates three seawater reverse osmosis desalination plants, producing approximately 4 million gallons per day for local residences and businesses, with increased retail water sales attributed to business and population growth [2][5] - The regulatory framework in the Cayman Islands requires Cayman Water to secure a concession before obtaining or renewing its operating license, with negotiations for the new license expected to commence shortly [3][4] Company Overview - Consolidated Water Co. Ltd. specializes in developing and operating advanced water supply and treatment plants, including seawater desalination facilities in the Cayman Islands, The Bahamas, and the British Virgin Islands [5][6] - The company has recently entered the U.S. desalination market with a contract for a seawater desalination plant in Hawaii, expanding its operational footprint [5] Regulatory Context - The Cayman Islands enacted regulatory changes in 2018, necessitating that Cayman Water obtain a concession prior to securing an operating license, which will involve a restructuring of previous operating terms [3][4] - The existing operating license, granted in 1990, will remain effective until the new license is issued by the utility regulator, OfReg [4]

Investors interested in stocks from the Utility - Water Supply sector have probably already heard of Consolidated Water (CWCO) and Global Water Resources, Inc. (GWRS) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks ...

Company Overview - Consolidated Water (CWCO) closed at $26.43, down 1.23% from the previous trading session, underperforming the S&P 500 which lost 0.27% [1] - Over the past month, CWCO shares gained 2.96%, lagging behind the Utilities sector's gain of 4.19% and the S&P 500's gain of 4.27% [1] Earnings and Analyst Projections - The upcoming earnings release of Consolidated Water is highly anticipated by investors [2] - Monitoring recent shifts in analyst projections is crucial, as positive estimate revisions indicate optimism about the company's business and profitability [2] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that 1 stocks have returned an average of +25% annually since 1988 [4] - Consolidated Water currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining stagnant over the past month [4] Valuation Metrics - Consolidated Water is trading at a Forward P/E ratio of 19.11, which is a discount compared to the industry average Forward P/E of 19.42 [5] - The company has a PEG ratio of 2.39, while the average PEG ratio for the Utility - Water Supply industry is 2.53 [5] Industry Context - The Utility - Water Supply industry, part of the broader Utilities sector, holds a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [6] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [6]

Group 1: Company Performance - Consolidated Water (CWCO) stock closed at $26.88, with a slight decrease of -0.15% compared to the previous day, underperforming the S&P 500's gain of 0.36% [1] - The stock has increased by 4.63% over the past month, outperforming the Utilities sector's gain of 0.92% and the S&P 500's gain of 2.11% [1] Group 2: Earnings and Analyst Estimates - Investors are anticipating the upcoming earnings disclosure for Consolidated Water, with a focus on any changes in analyst estimates that may indicate shifts in short-term business patterns [2] - Positive revisions in estimates are interpreted as favorable signs for the company's business outlook [2] Group 3: Zacks Rank and Valuation - Consolidated Water currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on estimate changes [4] - The company has a Forward P/E ratio of 19.23, which is in line with the industry average [5] - The PEG ratio for CWCO is 2.4, compared to the industry average of 2.53, suggesting a competitive valuation in terms of projected earnings growth [6] Group 4: Industry Context - The Utility - Water Supply industry, to which Consolidated Water belongs, has a Zacks Industry Rank of 62, placing it in the top 25% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Investors interested in Utility - Water Supply stocks are likely familiar with Consolidated Water (CWCO) and American Water Works (AWK) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highl ...

GEORGE TOWN, Cayman Islands, Nov. 25, 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, today announced that its board of directors has approved a quarterly cash dividend of $0.11 per share for the first quarter of 2025. The cash dividend is payable on January 31, 2025 to shareholders of record at the close of business on January 2, 2025. About Consolidated Water Co. Ltd.Consolidat ...

Consolidated Water Co. Ltd. (NASDAQ:CWCO) Q3 2024 Earnings Conference Call November 15, 2024 11:00 AM ET Company Participants Frederick McTaggart - CEO David Sasnett - CFO Conference Call Participants Gerard Sweeney - ROTH Capital Operator Good morning. Thank you for joining us today to discuss the results for Consolidated Water's Third Quarter of 2024. Hosting the call today is the Chief Executive Officer of Consolidated Water Company, Rick McTaggart; and the Company's Chief Financial Officer, David Sasnet ...

Exhibit 99.1 Consolidated Water Reports Third Quarter 2024 Operating Results GEORGE TOWN, Grand Cayman, Cayman Islands, November 14, 2024 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, reported results for the third quarter ended September 30, 2024. All comparisons are to the same prior year period unless otherwise noted. Consolidated Water will hold a conference call at 11:00 a.m. Eastern time tomor ...

Consolidated Water Co. Ltd. (CWCO) delivered third-quarter 2024 earnings per share (EPS) of 31 cents per share, which surpassed the Zacks Consensus Estimate of 26 cents by 19.2%. However, the bottom line decreased 43.6% from last year’s 55 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Total Revenues of CWCOThe company’s total revenues for the quarter were $33.4 million, which surpassed the Zacks Consensus Estimate of $32 million by 4.4%. However, the top line declined 32.9% ...