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Middlesex Water (MSEX) Lags Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-31 22:36
Core Viewpoint - Middlesex Water (MSEX) reported quarterly earnings of $0.6 per share, missing the Zacks Consensus Estimate of $0.68 per share, representing an earnings surprise of -11.76% [1][2] Financial Performance - The company posted revenues of $49.32 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 5.15%, compared to revenues of $49.15 million a year ago [2] - Over the last four quarters, Middlesex Water has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Middlesex Water shares have lost about 1.3% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The current Zacks Rank for Middlesex Water is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.85 on $54 million in revenues, and $2.53 on $200 million in revenues for the current fiscal year [7] - The estimate revisions trend for Middlesex Water was unfavorable ahead of the earnings release [6] Industry Context - The Utility - Water Supply industry is currently in the top 39% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]