Middlesex Water (MSEX) Misses Q2 Earnings Estimates

Middlesex Water (MSEX) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.81%. A quarter ago, it was expected that this water utility would post earnings of $0.45 per share when it actually produced earnings of $0.59, delivering a surprise of 31.11%. Over the last four quarters, the ...