Middlesex Water (MSEX) Q1 Earnings Lag Estimates

Core Viewpoint - Middlesex Water (MSEX) reported quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.55 per share, and down from $0.59 per share a year ago, indicating an earnings surprise of -3.64% [1] Financial Performance - The company posted revenues of $44.3 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.48%, compared to $40.52 million in the same quarter last year [2] - Over the last four quarters, Middlesex Water has exceeded consensus revenue estimates four times [2] Stock Performance - Middlesex Water shares have increased by approximately 19.9% since the beginning of the year, contrasting with the S&P 500's decline of -5.3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for it to outperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $52 million, and for the current fiscal year, it is $2.53 on revenues of $199 million [7] - The estimate revisions trend for Middlesex Water is favorable ahead of the earnings release, which may influence future stock movements [5][6] Industry Context - The Utility - Water Supply industry is currently ranked in the top 32% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]