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American States Water (AWR)
NYSE:AWR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.63Last Year’s EPS
$0.55Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.63%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in earnings growth, capital investments, and ASUS performance, alongside challenges with operating expenses and pending regulatory decisions. The positive aspects, particularly the record capital expenditures and ASUS's performance, slightly outweigh the lowlights.Company Guidance
During the American States Water Company's third quarter 2024 earnings call, executives provided detailed guidance on various financial metrics. The company reported an increase in earnings per share (EPS) of $0.10 compared to the same quarter last year, attributed primarily to third-year rate increases in the water segment and gains on investments for a retirement plan. The company also highlighted significant investments, with regulated utilities investing $172.5 million in infrastructure year-to-date and projecting total capital expenditures of $210 million to $230 million for the year. Additionally, a settlement agreement allows Golden State Water to invest $573.1 million in capital infrastructure over a three-year cycle. ASUS, a subsidiary, contributed $0.11 per share to third-quarter earnings and is expected to add $0.54 to $0.57 per share for the full year, an upward revision from previous projections. The call emphasized ongoing investment in infrastructure and regulatory adjustments, including expected retroactive electric rate adjustments, which could impact future earnings by $0.05 to $0.07 per share for 2023 and 2024 combined.Earnings Increase
Earnings per share for the third quarter increased by $0.10 compared to the same quarter last year, largely due to rate increases and investment gains.
Record Capital Expenditures
Regulated utilities have invested $172.5 million year-to-date and project a record $210 million to $230 million for the year.
ASUS Performance
ASUS is projected to contribute $0.54 to $0.57 per share, higher than previously expected, with $54 million in new capital upgrade projects awarded.
Liquidity Improvement
Net cash provided by operating activities was $134.2 million for the first nine months, a significant increase from $56.5 million in 2023.
Strong Credit Ratings
Maintained high credit ratings with S&P and Moody's, among the highest in the U.S. investor-owned water utility industry.
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AWR 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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AWR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $85.15 | $84.11 | -1.22% |
| Aug 06, 2024 | $81.57 | $81.78 | +0.26% |
| May 07, 2024 | $72.56 | $75.25 | +3.71% |
| Feb 21, 2024 | $74.89 | $72.60 | -3.06% |
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 States Water (AWR) report earnings?
American States Water (AWR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is American States Water (AWR) earnings time?
American States Water (AWR) earnings time is at Feb 19, 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 AWR EPS forecast?
AWR EPS forecast for the fiscal quarter 2024 (Q4) is $0.63.
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