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Global Water Resources Inc (GWRS)
NASDAQ:GWRS
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
$0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -14.50%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in service connections, strong building permit data, and increased industrial investments, indicating a positive outlook for future growth. However, concerns about revenue declines and inflation impacts were noted.Company Guidance
During the Global Water Resources, Inc. Q3 2024 earnings call, the company provided guidance on various operational and financial metrics. Total active service connections saw a 4.7% increase, reaching 63,889 as of September 30, 2024. The firm invested $19.2 million in infrastructure improvements year-to-date, maintaining a strong compliance record with zero significant compliance events over seven years. The Arizona housing market showed robust growth, with a 13% increase in building permits in Maricopa and a 281% surge in multifamily units. Financially, Q3 2024 revenue was $14.3 million, a slight dip of 1.5% year-over-year due to non-recurring ICFA revenue. However, regulated revenue rose by 2.2% to $14.3 million, driven by organic connection growth. Operating expenses decreased by 3.3% to $10.3 million, and adjusted EBITDA grew by 7.2% to $8.2 million. Net income increased to $2.9 million, or $0.12 per diluted share. The company anticipates continued growth through organic connections, new utilities, acquisitions, and rate cases, amid Arizona's ongoing industrial and residential expansion.Increase in Active Service Connections
Total active service connections increased by 4.7% to 63,889 as of September 30, 2024, compared to the previous year. The annualized growth rate is 4.5%.
Zero Compliance Events
Achieved 0 significant compliance events for the quarter, continuing a streak of over 7 years without such events.
Strong Building Permit Growth
Building permits in the Phoenix area increased by 28% from Q3 2023, and multifamily housing unit permits in the City of Maricopa increased by 281% compared to the same period in 2023.
Industrial Manufacturing Boom
$40.7 billion was invested in Arizona in 2023, eclipsing the previous record year of 2022. Significant expansion plans announced in 2024, including TSMC and Intel.
Adjusted EBITDA Increase
Adjusted EBITDA for Q3 2024 was $8.2 million, a 7.2% increase from $7.6 million in Q3 2023.
Buckeye Growth Premium Increase
Buckeye Growth Premium income increased by $180,000 or 25% year-over-year for the quarter.
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GWRS 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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GWRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $13.45 | $13.43 | -0.15% |
| Aug 07, 2024 | $11.83 | $12.08 | +2.11% |
| May 08, 2024 | $12.63 | $12.70 | +0.55% |
| Mar 07, 2024 | $12.75 | $12.11 | -5.02% |
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 Global Water Resources Inc (GWRS) report earnings?
Global Water Resources Inc (GWRS) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Global Water Resources Inc (GWRS) earnings time?
Global Water Resources Inc (GWRS) earnings time is at Mar 06, 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 GWRS EPS forecast?
GWRS EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
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