Exploring Middlesex Water's Earnings Expectations

Middlesex Water (NASDAQ:MSEX) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.

Analysts estimate that Middlesex Water will report an earnings per share (EPS) of $0.68.

The announcement from Middlesex Water is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Historical Earnings Performance

In the previous earnings release, the company missed EPS by $0.05, leading to a 0.83% drop in the share price the following trading session.

Here's a look at Middlesex Water's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.64

0.46

0.52

0.87

EPS Actual

0.59

0.59

0.32

0.56

Price Change %

-1.0%

5.0%

1.0%

-3.0%

Insights Shared by Analysts on Middlesex Water

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Middlesex Water.

Analysts have provided Middlesex Water with 1 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $58.0, suggesting a potential 8.68% downside.

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