Consolidated Water (CWCO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Consolidated Water (CWCO) reported a revenue of $32.48 million for the quarter ended June 2024, reflecting a 26.6% decrease year-over-year [1] - The earnings per share (EPS) for the quarter was $0.26, down from $0.47 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $37.12 million, resulting in a surprise of -12.50% [1] - The company experienced an EPS surprise of -23.53%, with the consensus EPS estimate being $0.34 [1] Revenue Breakdown - Manufacturing revenue was $3.93 million, compared to the average estimate of $4.89 million from two analysts [3] - Services revenue amounted to $11.92 million, below the two-analyst average estimate of $14.91 million [4] - Retail revenue reached $8.18 million, slightly above the average estimate of $7.89 million from two analysts [5] - Bulk revenue was reported at $8.45 million, closely aligning with the average estimate of $8.49 million from two analysts [6] Stock Performance - Shares of Consolidated Water have declined by 7.2% over the past month, while the Zacks S&P 500 composite has decreased by 3.2% [6] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [6]