York Water (YORW) Misses Q2 Earnings and Revenue Estimates

Core Viewpoint - York Water (YORW) reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.45 per share, representing a -22.22% earnings surprise [1] - The company posted revenues of $18.75 million for the quarter, slightly missing the Zacks Consensus Estimate by 1.32% [2] Financial Performance - Year-over-year earnings decreased from $0.45 per share to $0.35 per share [1] - Revenues for the same quarter last year were $18.77 million, indicating a slight decline [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance - York Water shares have increased by approximately 6.6% since the beginning of the year, while the S&P 500 has gained 14.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $19 million, and for the current fiscal year, it is $1.61 on revenues of $74 million [7] - The estimate revisions trend for York Water is mixed, which may change following the recent earnings report [6] Industry Context - The Utility - Water Supply industry is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of York Water may be influenced by the overall outlook of the industry [8]