Essential Utilities (WTRG) Q4 Earnings and Revenues Top Estimates

Core Insights - Essential Utilities (WTRG) reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of$ 0.66 per share, and up from $0.50 per share a year ago, representing an earnings surprise of 1.52% [1] - The company posted revenues of$ 604.38 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 13.19%, compared to $479.42 million in the same quarter last year [2] - Essential Utilities shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.80 on revenues of $699.82 million, and for the current fiscal year, it is$ 2.13 on revenues of $2.26 billion [7] - The estimate revisions trend for Essential Utilities is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Utility - Water Supply industry is currently in the top 32% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - Another company in the same industry, Global Water Resources, Inc. (GWRS), is expected to report quarterly earnings of$ 0.06 per share, reflecting a year-over-year decline of 14.3% [9]