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American Water Works (AWK)
NYSE:AWK
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.12Last Year’s EPS
$0.88Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -6.67%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance, optimistic future earnings guidance, and notable acquisitions and regulatory progress. Despite challenges such as a cybersecurity incident and increased costs, the company's strategic investments and growth plans indicate a robust future.Company Guidance
During American Water's third quarter 2024 earnings call, the company provided guidance for both the current year and 2025. For 2024, they reaffirmed their earnings per share (EPS) guidance in the range of $5.25 to $5.30, emphasizing strong performance with third-quarter EPS at $1.80, up from $1.66 in the same period last year. Additionally, American Water introduced their 2025 EPS guidance of $5.65 to $5.75, projecting 8% growth compared to their weather-normalized 2024 EPS. The guidance reflects increased capital investments, including $3.3 billion planned for 2025 and $17 billion to $18 billion over the next five years, aimed at achieving an 8% to 9% rate base growth. The company also emphasized customer affordability, maintaining average residential water bills below 1% of median household income. American Water plans to fund these investments with a balanced mix of cash flow, debt, and $2.5 billion in equity issuances over the next five years, ensuring a strong balance sheet and maintaining their target debt-to-capital ratio below 60%.Strong Financial Performance
Earnings were $1.80 per share for the quarter compared to $1.66 last year. Year-to-date earnings were $4.17 per share compared to $4.03 last year.
2025 Earnings Guidance
Initiated 2025 earnings guidance of $5.65 to $5.75 per share, representing 8% growth compared to weather-normalized 2024 EPS guidance.
Acquisition Success
Closed $230 million acquisition of Butler Area Sewer Authority in Pennsylvania, adding 15,000 customers.
Regulatory Progress
Received an order from New Jersey Commission approving $80 million in annualized revenues.
Capital Investment Plan
Plan to invest $17 billion to $18 billion from 2025 to 2029, an increase of about $1 billion over the previous 5-year plan.
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AWK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AWK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $134.92 | $137.33 | +1.79% |
| Jul 31, 2024 | $140.79 | $142.91 | +1.51% |
| May 01, 2024 | $123.04 | $123.86 | +0.67% |
| Feb 14, 2024 | $118.48 | $122.20 | +3.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Water Works (AWK) report earnings?
American Water Works (AWK) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is American Water Works (AWK) earnings time?
American Water Works (AWK) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AWK EPS forecast?
AWK EPS forecast for the fiscal quarter 2024 (Q4) is $1.12.
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