Essential Utilities Q3 Earnings Fall, Revenue Rises; 2024 Outlook Maintained -- Shares Drop After Hours

MT Newswires Live

Nov 05, 2024

Essential Utilities (WTRG) reported Q3 net income late Monday of $0.25 per diluted share, down from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Revenue for the quarter ended Sept. 30 rose to $435.3 million from $411.3 million a year earlier. Three analysts surveyed by Capital IQ expected $424.4 million.

For 2024, the company continues to expect EPS of $1.96 to $2. However, the company expects to exceed that range on a GAAP basis. The consensus is for $2.01.

For 2025, Essential Utilities projects EPS at $2.07 to $2.11. Analysts are looking for $2.13.

Essential Utilities shares were down nearly 3% in after-hours activity.

Price: 38.69, Change: +0.06, Percent Change: +0.16

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Three analysts surveyed by Capital IQ expected $424.4 million.</p><p>For 2024, the company continues to expect EPS of $1.96 to $2. However, the company expects to exceed that range on a GAAP basis. The consensus is for $2.01.</p><p>For 2025, Essential Utilities projects EPS at $2.07 to $2.11. Analysts are looking for $2.13.</p><p>Essential Utilities shares were down nearly 3% in after-hours activity.</p><p>Price: 38.69, Change: +0.06, Percent Change: +0.16</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WTRG","symbol_name":"Essential Utilities, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481563536","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481563536","pubTimestamp":1730757599,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The consensus is for $2.01.For 2025, Essential Utilities projects EPS at $2.07 to $2.11. Analysts are looking for $2.13.Essential Utilities shares were down nearly 3% in after-hours activity.Price: 38.69, Change: +0.06, Percent Change: +0.16","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}