Essential Utilities (NYSE:WTRG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$435.3m (up 5.8% from 3Q 2023).
• Net income: US$69.4m (down 13% from 3Q 2023).
• Profit margin: 16% (down from 20% in 3Q 2023).
• EPS: US$0.25 (down from US$0.30 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Essential Utilities Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Essential Utilities has 4 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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