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York Water (YORW) Q3 Earnings Match Estimates
YORWThe York Water(YORW) ZACKS·2024-11-07 16:40

Core Viewpoint - York Water (YORW) reported quarterly earnings of 0.41pershare,matchingtheZacksConsensusEstimate,butdownfrom0.41 per share, matching the Zacks Consensus Estimate, but down from 0.53 per share a year ago [1] - The company posted revenues of 19.72millionforthequarterendedSeptember2024,exceedingtheZacksConsensusEstimateby3.7619.72 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 3.76% and up from 18.77 million year-over-year [2] Earnings Performance - The earnings surprise for the previous quarter was -22.22%, with actual earnings of 0.35persharecomparedtoanexpected0.35 per share compared to an expected 0.45 [1] - Over the last four quarters, York Water has surpassed consensus EPS estimates two times [1] Revenue Performance - York Water has topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - York Water shares have declined approximately 1.2% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Future Outlook - The company's earnings outlook will be crucial for stock performance, with current consensus EPS estimates at 0.37forthecomingquarterand0.37 for the coming quarter and 1.43 for the current fiscal year [7] - The Zacks Rank for York Water is currently 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Utility - Water Supply industry is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]