Consolidated Water Co. Ltd. (NASDAQ:CWCO) developer of seawater desalination plants, is reporting third quarter earnings results on Tuesday 17th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.15 per share.
For the full year, analysts predict revenues of $ 78.65 million, while looking forward to income of $ 0.42 per share.
Previous Quarter Performance
Consolidated Water Co. Ltd. communicated income for the second quarter of $ 0.08 per share, from the revenue of $ 19.09 million. The consensus estimates are income of $ 0.11 per share from $ 17.95 million in revenue. The bottom line results missed street analysts by $ 0.03 or 27.27 percent, at the same time, top line results outshined analysts by $ 1.14 million or 6.35 percent.
Stock Performance
Shares of Consolidated Water Co. Ltd. traded up $ 0.62 or 5.55 percent on Monday, reaching $ 11.80 with volume of 137.10 thousand shares. Consolidated Water Co. Ltd. has traded high as $ 11.83 and has cracked $ 11.28 on the downward trend
According to the previous trading day, closing price of $ 11.80, representing a 11.69 % increase from the 52 week low of $ 10.01 and a 40.63 % decrease over the 52 week high of $ 18.83.
The company has a market capital of $ 178.44 million and is part of the Utilities sector and Utilities – Regulated Water industry.
Recent Stock Dividend Announcement
On August 24, 2020, the board of directors authorized quarterly dividend of $ 0.085 per share to holders of record as of the close of business on October 1, 2020, with payment date of October 30, 2020 and ex-dividend date on September 30, 2020.
Conference Call
Consolidated Water Co. Ltd. will be hosting a conference call at 11:00 AM eastern time on 17th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-844-875-6913 or 1-412-317-6709 Toll Number, with passcode : 10149638 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.cwco.com
Consolidated Water Co. Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
