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Why Essential Utilities (WTRG) Could Beat Earnings Estimates Again
ZACKS· 2025-04-28 17:11
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Essential Utilities (WTRG) , which belongs to the Zacks Utility - Water Supply industry, could be a great candidate to consider.This water utility has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.11%.For the most recent quarter, Essential Util ...
CenterPoint Energy (CNP) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-04-28 16:50
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...
Are Utilities Stocks Lagging Chesapeake Utilities (CPK) This Year?
ZACKS· 2025-04-28 14:46
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Chesapeake Utilities (CPK) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Chesapeake Utilities is one of 106 companies in the Utilities group. The Utilities group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the ind ...
Why Middlesex Water (MSEX) is a Great Dividend Stock Right Now
ZACKS· 2025-04-25 16:45
Company Overview - Middlesex Water (MSEX) is a utility stock headquartered in Iselin, with a price change of 17.77% year-to-date [3] - The company currently pays a dividend of $0.34 per share, resulting in a dividend yield of 2.19%, which is slightly below the Utility - Water Supply industry's yield of 2.36% and above the S&P 500's yield of 1.66% [3] Dividend Performance - The annualized dividend of Middlesex Water is $1.36, reflecting a 3.4% increase from the previous year [4] - Over the last five years, the company has increased its dividend five times, achieving an average annual increase of 6.15% [4] - The current payout ratio stands at 55%, indicating that the company pays out 55% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $2.53 per share, representing a 2.43% increase from the previous year [5] Investment Appeal - Middlesex Water is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]
Portland General Electric (POR) Q1 Earnings and Revenues Lag Estimates
ZACKS· 2025-04-25 12:05
Portland General Electric (POR) came out with quarterly earnings of $0.91 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.15%. A quarter ago, it was expected that this electric utility would post earnings of $0.32 per share when it actually produced earnings of $0.34, delivering a surprise of 6.25%.Over the last four quart ...
Consolidated Water (CWCO) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-04-24 23:00
Consolidated Water (CWCO) closed the most recent trading day at $23.89, moving -0.87% from the previous trading session. This change lagged the S&P 500's daily gain of 2.03%. Meanwhile, the Dow experienced a rise of 1.23%, and the technology-dominated Nasdaq saw an increase of 2.74%.The developer and operator of desalination plants's shares have seen a decrease of 0.74% over the last month, not keeping up with the Utilities sector's gain of 1.72% and outstripping the S&P 500's loss of 5.07%.The investment c ...
Eversource Energy (ES) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-04-24 15:07
Core Viewpoint - The market anticipates Eversource Energy (ES) will report a year-over-year increase in earnings driven by higher revenues when it releases its quarterly results for March 2025, with actual results being crucial for stock price movement [1][2]. Company Summary - Eversource is expected to report quarterly earnings of $1.50 per share, reflecting a year-over-year increase of 0.7%, with revenues projected at $3.88 billion, a 16.5% increase from the previous year [3]. - The consensus EPS estimate has been revised down by 1% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Eversource matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, and the stock currently holds a Zacks Rank of 4, complicating predictions for an earnings beat [10][11]. Earnings Surprise History - In the last reported quarter, Eversource was expected to post earnings of $0.99 per share but exceeded expectations with earnings of $1.01, resulting in a surprise of +2.02% [12]. - Over the past four quarters, Eversource has beaten consensus EPS estimates three times [13]. Industry Context - In the Zacks Utility - Electric Power industry, PSEG (PEG) is expected to report earnings of $1.44 per share for the same quarter, indicating a year-over-year change of +9.9%, with revenues projected at $2.85 billion, a 3.2% increase from the previous year [17]. - The consensus EPS estimate for PSEG has been revised down by 3.3% over the last 30 days, but it currently has an Earnings ESP of 3.99%, suggesting a likelihood of beating the consensus EPS estimate [18].
Are Investors Undervaluing Empresa Distribuidora Y Comercializadora Norte S.A. Edenor (EDN) Right Now?
ZACKS· 2025-04-24 14:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these ...
Xcel Energy (XEL) Q1 Earnings and Revenues Lag Estimates
ZACKS· 2025-04-24 12:20
Company Performance - Xcel Energy reported quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.93 per share, and down from $0.88 per share a year ago, representing an earnings surprise of -9.68% [1] - The company posted revenues of $3.91 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.43%, compared to year-ago revenues of $3.65 billion [2] - Over the last four quarters, Xcel has not surpassed consensus EPS or revenue estimates [2] Stock Outlook - Xcel shares have increased about 6% since the beginning of the year, while the S&P 500 has declined by -8.6% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.61 on $3.3 billion in revenues for the coming quarter and $3.81 on $15.06 billion in revenues for the current fiscal year [7] Industry Context - The Utility - Electric Power industry, to which Xcel belongs, is currently in the top 14% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Xcel's stock performance [5]
Duke Energy (DUK) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2025-04-22 22:55
Company Performance - Duke Energy (DUK) closed at $122.53, marking a +1.96% move from the prior day, but underperformed compared to the S&P 500's gain of 2.51% [1] - Over the last month, Duke Energy's shares increased by 1.71%, outperforming the Utilities sector's loss of 0.57% and the S&P 500's loss of 8.86% [1] Upcoming Financial Results - Duke Energy is set to announce its earnings on May 6, 2025, with projected earnings of $1.62 per share, representing a year-over-year growth of 12.5% [2] - The consensus estimate forecasts revenue of $8 billion, indicating a 4.26% growth compared to the same quarter of the previous year [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of $6.32 per share and revenue of $31.72 billion, reflecting changes of +7.12% and +4.48% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Duke Energy are crucial as they reflect near-term business trends and analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Duke Energy at 4 (Sell) [6] Valuation Metrics - Duke Energy has a Forward P/E ratio of 19, indicating a premium compared to its industry's Forward P/E of 17.98 [6] - The company has a PEG ratio of 3, while the average PEG ratio for Utility - Electric Power stocks is 2.68 [7] Industry Ranking - The Utility - Electric Power industry holds a Zacks Industry Rank of 37, placing it within the top 15% of over 250 industries, suggesting strong performance potential [8]