Will Middlesex Water (MSEX) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Middlesex Water (MSEX) has a strong history of beating earnings estimates and is well-positioned for continued success in upcoming reports [1][2] Earnings Performance - The company has surpassed earnings estimates by an average of 27.76% over the last two quarters [2] - In the most recent quarter, Middlesex Water reported earnings of $0.49 per share, exceeding the expected$0.36 per share by 36.11% [2] - For the previous quarter, the actual earnings were $0.80 per share against an estimate of$0.67 per share, resulting in a surprise of 19.40% [2] Earnings Estimates and Predictions - Recent estimates for Middlesex Water have been increasing, indicating positive sentiment among analysts [5] - The Zacks Earnings ESP for the company is currently positive at +9.09%, suggesting bullish near-term earnings potential [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] Zacks Rank and Earnings ESP - Middlesex Water holds a Zacks Rank of 1 (Strong Buy), which, combined with its positive Earnings ESP, indicates a high likelihood of another earnings beat [8] - The Earnings ESP metric is based on the Most Accurate Estimate compared to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]