A downtrend has been apparent in American States Water (AWR) lately with too much selling pressure. The stock has declined 8.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicat ...

American States Water’s (AWR) strategic investments in infrastructure upgrades will allow it to provide quality services to its expanding customer base. Given its growth opportunities, AWR makes for a solid investment option in the utility sector.Let us focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment option at the moment.Growth Projections of AWRThe Zacks Consensus Estimate for AWR’s 2025 earnings per share (EPS) indicates year-over-year growth of 10.71%.AWR’s long-term (th ...

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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...

The truth is, no one knows if a company has what it takes to reward its investors with a lifetime of passive income. But there are criteria you can use to determine the durability of a dividend-paying company or exchange-traded fund (ETF).One factor is a company's history of paying and raising its dividend. American States Water (AWR -0.02%) and Illinois Tool Works (ITW -0.17%) are both Dividend Kings -- meaning they have paid and raised their dividends for at least 50 consecutive years -- a track record th ...

Water is a precious resource and although it is taken for granted in most developed nations, the cost to deliver clean, treated water keeps rising. I know this from personal experience, having recently retired from a water utility after spending more than half ofNow retired, I am an income-oriented investor seeking high yield income to support my lifestyle in retirement.I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpec ...

| --- | --- | --- | --- | |-------------------------------------|-------|-------|-----------| | | | | | | | | | | | Financial Results Call Presentation | | | | | | | | | | Third Quarter 2024 | | | | | | | | | | November 7, 2024 | | | NYSE: AWR | Today's Presenters Robert J. Sprowls President & CEO Eva G. Tang SVP – Finance & CFO 2 Forward-Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking stateme ...

Financial Data and Key Metrics Changes - Earnings per share (EPS) for Q3 2024 were $0.95, an increase from $0.85 in Q3 2023, primarily due to rate increases in the Water segment and gains on investments [8][16] - Consolidated revenue for Q3 increased by $10 million compared to last year, with water segment revenue up by $7.8 million due to rate increases [20] - Year-to-date EPS as of September was $2.42, down from $2.82 in the same period of 2023, affected by retroactive rates and revenue adjustments [24][25] Business Line Data and Key Metrics Changes - Golden State Water reported earnings of $0.84 per share for Q3 2024, up from $0.72 in Q3 2023, driven by increased water rates [16] - Electric segment earnings decreased to $0.02 per share from $0.04 per share due to pending rate decisions and rising interest costs [18] - ASUS's earnings were consistent at $0.11 per share for Q3 2024 compared to $0.12 in 2023, with year-to-date earnings at $0.44 per share, up from $0.38 [44] Market Data and Key Metrics Changes - The company invested $172.5 million in infrastructure year-to-date and plans to invest a record $210 million to $230 million in capital expenditures for the full year [9][27] - The average water rate base for Golden State Water increased from $752.2 million in 2018 to $1.3575 billion in 2024, reflecting a compound annual growth rate of 10.3% [43] Company Strategy and Development Direction - The company aims to continue investing in infrastructure to enhance service reliability and safety for customers, with significant capital investments planned [10][13] - ASUS has been awarded a record $54 million in new capital upgrade construction projects, indicating a strong competitive position in securing government contracts [15][45] - The company maintains a dividend growth strategy, targeting a compound annual growth rate of over 7% in dividends over the long term [46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the impact of new rates and infrastructure investments on future earnings, with projections for ASUS to contribute $0.59 to $0.63 per share in 2025 [44][59] - The company anticipates continued growth in its rate base and is preparing for potential regulatory changes that could affect revenue [30][34] Other Important Information - The company maintains strong credit ratings, with American States Water rated A Stable and Golden State Water rated A+ Stable by S&P [29] - The settlements regarding rate cases for both water and electric utilities are expected to enhance revenue stability and growth [36][41] Q&A Session Summary Question: Year-to-date EPS for Bear Valley electric operations - Management noted that if the proposed decision had been approved, the year-to-date EPS would reflect a cumulative impact of $0.05 to $0.07 for 2023 and 2024 [47][48] Question: Timing for recording final orders - Management indicated that if a final decision is received before the 10-K filing, it could be booked in 2024 [49][50] Question: Increase in capital work for ASUS - The increase is attributed to government funding and the addition of new bases, but management cautioned that this level may not be sustainable [51][52] Question: Annual construction expense guidance for 2025 - Management suggested that while there may be some increase, it would not be a significant jump due to the need to manage renewal and replacement work [55][56] Question: Factors driving the increase in 2024 guidance range - The increase is due to better-than-expected construction conditions and contributions from new operations at military bases [60][61]

American States Water Company (AWR) reported third-quarter 2024 operating earnings per share (EPS) of 95 cents, which lagged the Zacks Consensus Estimate of 99 cents by 4%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.AWR’s Total Revenues Operating revenues came in at $161.8 million, which outpaced the Zacks Consensus Estimate of $161 million by 0.5%. The top line also rose 6.6% from $151.7 million reported in the prior-year period.Highlights of AWR’s Release Operating expenses in ...

American States Water (AWR) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.04%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.84 per share when it actually produced earnings of $0.85, delivering a surprise of 1.19%.Over the last four ...