Consolidated Water Co Stock (NASDAQ: CWCO)

Consolidated Water Co (NASDAQ:CWCO) Stock, Quote.Headers.trade-ideas

Consolidated Water Co

Consolidated Water Co Ltd is a water utility company. It develops and operates seawater desalination plants and water distribution systems. The company's business segments are; The retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island, The bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts, The services segment designs, constructs and sells water infrastructure and provides management and operating services to third parties, and The manufacturing segment manufactures and services a wide range of custom and specialized water-related products applicable to commercial, municipal and industrial water production, supply and treatment.

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CWCO

Consolidated Water Co. Ltd. (NASDAQ: CWCO) announced 9.5 cent quarterly dividend for Q3 2024. Earnings report expected Aug. 14 with projected decline.

How To Earn $500 A Month From Consolidated Water Stock Ahead Of Q2 Earnings

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Small Cap

Investors are always looking for stocks that are poised to beat at earnings season and Consolidated Water Co. Ltd. (NASDAQ: CWCO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.


Should You Buy Consolidated Water Ahead of Earnings?

Consolidated Water Co. Ltd. - Ordinary Shares

Consolidated Water Co Ltd

Dividends

Consolidated Water Declares $0.11/Share Dividend For Q4, Up From $0.095 Prior

Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.34 by 23.53 percent. This is a 43.48 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $32.50 million which missed the analyst consensus estimate of $37.30 million by 12.87 percent. This is a 26.54 percent decrease over sales of $44.24 million the same period last year.

Earnings Misses

Consolidated Water Co Q2 EPS $0.26 Misses $0.34 Estimate, Sales $32.50M Miss $37.30M Estimate

Consolidated Water Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) recently announced a quarterly cash dividend of 9.5 cents <a href="https://www.benzinga.com/quote/CWCO/earnings">per share for the third quarter of 2024.</a>
The company is expected to release earnings results for its second quarter, after the closing bell on Wednesday, Aug. 14.
Analysts expect the Cayman Islands-based company to report quarterly earnings of 34 cents per share, down from 46 cents per share in the year-ago period. Consolidated Water is projected to post revenue of $37.3 million, compared to $44.24 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
With the recent buzz around Consolidated Water, some investors may be eyeing potential gains from the company's dividends. As of now, Consolidated Water has a dividend yield of 1.45%, which is a quarterly dividend amount of 9.5 cents a share (38 cents a year).
To figure out how to earn $500 monthly from Consolidated Water, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Consolidated Water's $0.38 dividend: $6,000 / $0.38 &nbsp;= 15,789 shares
So, an investor would need to own approximately $415,093 worth of Consolidated Water, or 15,789 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.38 = 3,158 shares, or $83,024 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
CWCO Price Action: Shares of Consolidated Water fell 1.2% to close at $26.29 on Monday.
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<a href="https://www.globenewswire.com/Tracker?data=rWvSldAWMPiWvrOmuCi5W1QO7jqVCF1jo0yk4KP5imtNDEajAP1zBfmfVyp4A7KnhrkhaTfvirZ6s-oiWCEPda0bFw6k-3DR0eVfiLuonOU=" target="_blank">Consolidated Water Co. Ltd.</a>&nbsp;(NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported that its property and equipment sustained no damage after Hurricane Beryl passed approximately 40 miles south of the Cayman Islands early Thursday morning. 
&nbsp;
&quot;Fortunately, Grand Cayman was spared the kind of damage that this storm caused to other islands in the Caribbean,&quot; stated Consolidated Water CEO, Rick McTaggart. &quot;There have been reports of flooding and wave damage to properties, particularly on the south side of Grand Cayman which is outside our retail water service area. Our dedicated and experienced operations staff ensured that we continued to supply water to our retail customers throughout the storm and I am very grateful for their efforts. The Cayman Islands National Emergency Operations Centre issued an &lsquo;all clear&#39; for the Islands yesterday afternoon and the hurricane has since moved away from the area. We have resumed normal operations.&quot;
Given the hurricane&#39;s current projected path, the company does not expect it to have any impact on its other operations.

Consolidated Water Resumes Normal Operations After Hurricane Beryl Spares Grand Cayman, Reports No Damage to Facilities

Legal

Consolidated Water Settles With Mexico Regarding Playas De Rosarito, Baja California Desalination Project For ~$36.351M

U.S. stock futures were lower this morning, with the Dow futures falling around 150 points on Wednesday.
Shares of American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) fell sharply in today's pre-market trading after the company announced the departure of its executive vice president and lowered <a href="https://www.benzinga.com/news/24/05/39049436/american-airlines-stock-is-losing-altitude-after-hours-heres-why">guidance for the second quarter</a>.
After the market close on Tuesday, American Airlines said Executive Vice President and Chief Commercial Officer Vasu Raja will depart the company in June.
American Airlines shares dipped 7.2% to $12.47 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
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<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares dipped 12% to $24.65 in pre-market trading after jumping around 99% on Tuesday.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares fell 5% to $9.01 in pre-market trading after surging around 22% on Tuesday.</li>
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<li>Consolidated Water Co. Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) shares fell 4.4% to $25.47 in pre-market trading after declining over 4% on Tuesday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 3.9% to $22.85 in pre-market trading. GameStop shares jumped over 25% on Tuesday after the company announced the completion of its at-the-market equity offering program.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) shares declined 3.5% to $79.49 in pre-market trading following first-quarter results.</li>
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Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) reported quarterly earnings From Continuing Operations of $0.43 per share which beat the analyst consensus estimate of $0.33 by 30.3 percent. This is a 65.38 percent increase over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $39.689 million which beat the analyst consensus estimate of $38.200 million by 3.90 percent. This is a 20.75 percent increase over sales of $32.869 million the same period last year.

Earnings Beats

Consolidated Water Co Q1 2024 GAAP EPS From Continuing Operations $0.43 Beats $0.33 Estimate, Sales $39.689M Beat $38.200M Estimate

Investors are always looking for stocks that are poised to beat at earnings season and Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. 
That is because Consolidated Water is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings &mdash; with the most up-to-date information possible &mdash; is a pretty good indicator of some favorable trends underneath the surface for CWCO in this report. 
In fact, the Most Accurate Estimate for the current quarter is currently at 40 cents per share for CWCO, compared to a broader Zacks Consensus Estimate of 39 cents per share. This suggests that analysts have very recently bumped up their estimates for CWCO, giving the stock a Zacks Earnings ESP of +2.56% heading into earnings season.
<div class="chart_embed">
<h3>Consolidated Water Co. Ltd. Price and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/CWCO/price-eps-surprise?icid=chart-CWCO-price-eps-surprise"><img alt="Consolidated Water Co. Ltd. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c5/1715686137.png" style="height:266px; width:538px" title="" /> </a>
Consolidated Water Co. Ltd. price-eps-surprise | Consolidated Water Co. Ltd. Quote
</div>
<h3>Why is this Important?</h3>
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns. 
Given that CWCO has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. 
Clearly, recent earnings estimate revisions suggest that good things are ahead for Consolidated Water, and that a beat might be in the cards for the upcoming report.
<a href="https://www.zacks.com/stock/news/2273308/should-you-buy-consolidated-water-cwco-ahead-of-earnings?cid=CS-BENZ-FT-tale_of_the_tape|earnings_surprise-2273308">To read this article on Zacks.com click here.</a>

WIIM

Consolidated Water Co shares are trading higher after the company reported better-than-expected Q4 EPS and sales.

Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.44 by 52.27 percent. This is a 318.75 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $53.25 million which beat the analyst consensus estimate of $45.25 million by 17.68 percent. This is a 87.50 percent increase over sales of $28.40 million the same period last year.

Consolidated Water Co Q4 EPS $0.67 Beats $0.44 Estimate, Sales $53.25M Beat $45.25M Estimate

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&bull; Strata Skin Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSKN#NASDAQ">SSKN</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $10.01 million.
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&bull; Oncology Institute (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOI#NASDAQ">TOI</a>) is expected to report quarterly loss at $0.11 per share on revenue of $82.04 million.
&bull; Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) is expected to report quarterly loss at $0.05 per share on revenue of $50 thousand.
&bull; Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $29.65 million.
&bull; MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $909.50 million.
&bull; Rumble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) is likely to report quarterly loss at $0.22 per share on revenue of $28.13 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 27, 2024

Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-27. Here's what investors need to know before the announcement.
Analysts estimate that Consolidated Water Co will report an earnings per share (EPS) of $0.44. 
Consolidated Water Co bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 10.75% increase in the share price the next day.
Here's a look at Consolidated Water Co's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>0.22</td>
<td>0.19</td>
<td>0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.55</td>
<td>0.46</td>
<td>0.26</td>
<td>0.16</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>11.0%</td>
<td>13.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1711465249_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Consolidated Water Co were trading at $29.74 as of March 25. Over the last 52-week period, shares are up 92.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CWCO/earnings">To track all earnings releases for Consolidated Water Co visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Consolidated Water Co

Shares of FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) fell sharply during Tuesday&rsquo;s session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/FMC">fourth-quarter results</a>.
FMC posted adjusted earnings of $1.07 per share, missing market estimates of $1.08 per share. The company&rsquo;s quarterly sales came in at $1.15 billion versus expectations of $1.25 billion.
FMC shares dipped 9.8% to $54.51 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>InVivo Therapeutics Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nviv#NASDAQ">NVIV</a>) jumped 144.4% to $0.5427 after dipping around 26% on Monday.</li>
<li>Tenax Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tenx#NASDAQ">TENX</a>) jumped 96% to $17.13 after the company announced the USPTO granted notice of allowance for the U.S. patent application &quot;Levosimendan For Treating Pulmonary Hypertension With Heart Failure With Preserved Ejection Fraction.&quot;</li>
<li>Agrify Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agfy#NASDAQ">AGFY</a>) shares climbed 70.1% to $1.0889. Agrify achieved milestone with PX-30 hydrocarbon extraction system installation in Michigan Facility.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) gained 36% to $0.4769.</li>
<li>Palantir Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pltr#NYSE">PLTR</a>) shares surged 27% to $21.23 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Zenvia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zenv#NASDAQ">ZENV</a>) rose 25% to $1.4621. Zenvia announced agreements to address funding gap and introduced EBITDA guidance for 2024, with a range between BRL 120 million and BRL140 million.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsdt#NASDAQ">HSDT</a>) climbed 24% to $8.80. Helius Medical Technologies announced alignment with the FDA on registrational program for treatment of stroke patients.</li>
<li>Exicure, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xcur#NASDAQ">XCUR</a>) gained 21.7% to $0.67 after the company announced it entered into a patent license agreement with Bluejay Therapeutics to develop cavrotolimod for the potential treatment for hepatitis.</li>
<li>Jasper Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jspr#NASDAQ">JSPR</a>) rose 18% to $15.29. Jasper Therapeutics announces pricing of $50 million underwritten offering of 3.9 million shares of common stock at a price of $12.95/share.</li>
<li>Griid Infrastructure Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grdi#NASDAQ">GRDI</a>) gained 15.7% to $2.35.</li>
<li>Frontier Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulcc#NASDAQ">ULCC</a>) rose 15% to $5.94 following fourth-quarter results.</li>
<li>Coherent Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cohr#NYSE">COHR</a>) gained 13.1% to $55.92 after the company reported better-than-expected second-quarter financial results and revised FY24 guidance.</li>
<li>GE HealthCare Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gehc#NASDAQ">GEHC</a>) climbed 8.3% to $79.50 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) rose 7.7% to $2.81.</li>
<li>Toyota Motor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) gained 7.3% to $217.76 after it reported results for its third quarter and nine months of FY24.</li>
<li>Spotify Technology S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) rose 6.2% to $237.10 after the company reported a 28% increase in ad-supported MAUs and a 15% increase in premium subscribers for the fourth quarter.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares fell 61.7% to $0.08. Sunworks disclosed it ceased operations and filed voluntary petitions for relief under the provisions of Chapter 7 of Title 11 of U.S Code.</li>
<li>BioRestorative Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brtx#NASDAQ">BRTX</a>) dipped 60.3% to $1.37. BioRestorative Therapies announced exercise of warrants and issuance of new warrants in a private placement for $8.1 million gross proceeds priced at-the-market.</li>
<li>Peraso Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prso#NASDAQ">PRSO</a>) declined 43.9% to $1.7101 after the company announced pricing of its $4 million underwritten public offering.</li>
<li>Trio Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpet#NYSE">TPET</a>) fell 31.5% to $0.1472. Trio Petroleum issued an update on its operations in Monterey County, California.</li>
<li>Pineapple Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pegy#NASDAQ">PEGY</a>) dipped 31.5% to $0.1541.</li>
<li>Reborn Coffee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rebn#NASDAQ">REBN</a>) fell 28.6% to $2.74.</li>
<li>Symbotic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sym#NASDAQ">SYM</a>) fell 24.7% to $37.33 after the company reported mixed first-quarter financial results.</li>
<li>Fabrinet (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fn#NYSE">FN</a>) fell 24% to $169.83 after the company reported second-quarter financial results.</li>
<li>Sagimet Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgmt#NASDAQ">SGMT</a>) fell 23.3% to $7.00.</li>
<li>Symbotic Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sym#NASDAQ">SYM</a>) fell 23.5% to $37.96 after the company reported mixed first-quarter financial results.</li>
<li>Rambus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rmbs#NASDAQ">RMBS</a>) shares fell 17.2% to $56.63 after the company reported mixed quarterly financial results.</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) dipped 15.3% to $4.5718.</li>
<li>Crown Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cck#NYSE">CCK</a>) fell 13.5% to $76.29 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance below estimates.</li>
<li>Kimball Electronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ke#NASDAQ">KE</a>) fell 13.5% to $20.32 following weak quarterly results.</li>
<li>C3is Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciss#NASDAQ">CISS</a>) shares fell 12% to $0.1305. C3is shares fell around 8% on Monday after the company filed for an offering of 43.75 million units.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares fell 10.1% to $9.64.</li>
<li>Sensata Technologies Holding plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/st#NYSE">ST</a>) dipped 9.1% to $32.84 following weak earnings.</li>
<li>Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>) declined 8.9% to $27.60.</li>
<li>UBS Group AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ubs#NYSE">UBS</a>) fell 5.7% to $28.10 after the company posted quarterly results and announced a share buyback of up to $1 billion.</li>
<li>Amkor Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amkr#NASDAQ">AMKR</a>) shares fell 5.3% to $30.59 after the company issued weak first-quarter guidance.</li>
<li>Chegg, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chgg#NYSE">CHGG</a>) shares declined 4.6% to $8.87 after the company issued weak first-quarter guidance.</li>
</ul>
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Why FMC Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

As of Nov. 27, 2023, five stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Via Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/via#NASDAQ">VIA</a>)</h3>
<ul>
<li>Via Renewables posted a profit for the third quarter. &quot;Via was able to navigate one of the hottest ERCOT summers on record due to our proven risk management policies and portfolio diversification. We&#39;ve been able to stay financially flexible while paying down debt and boosting liquidity since last quarter,&quot; said Keith Maxwell, Via Renewables&#39; President and Chief Executive Officer. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/VIA">52-week high of $37.35. </a>.</li>
<li>RSI Value: 73.25</li>
<li>VIA Price Action: Shares of Via Renewables rose 1.2% to close at $9.25 on Friday.</li>
</ul>
<h3>Public Service Enterprise Group Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/peg#NYSE">PEG</a>)</h3>
<ul>
<li>Public Service Enterprise posted upbeat third-quarter earnings. &quot;PSEG posted solid operating and financial results for the third quarter, and is on pace to achieve our guidance for full-year, 2023 non-GAAP Operating Earnings of $3.40 to $3.50 per share &ndash; which we are re-affirming today,&quot; said Ralph LaRossa, PSEG&#39;s chair, president and CEO. The company&rsquo;s <a href="https://www.benzinga.com/quote/PEG"> stock has a 52-week high </a> of $65.46.</li>
<li>RSI Value: 70.52</li>
<li>PEG Price Action: Shares of Public Service Enterprise gained 0.7% to close at $65.09 on Friday.</li>
</ul>
<h3>DTE Energy Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>)</h3>
<ul>
<li>DTE Energy reported worse-than-expected third-quarter EPS results and lowered FY23 operating EPS guidance. &ldquo;This year we were faced with unprecedented headwinds which impacted our 2023 operating EPS guidance, but through the incredible work of our highly engaged team, DTE continues to be in a good position to offset the majority of the challenges and continue to deliver for our customers, our community and our investors,&rdquo; Jerry Norcia, DTE Energy Chairman and CEO, said. The company has a <a href="https://www.benzinga.com/quote/DTE"> 52-week high </a> of $122.41.</li>
<li>RSI Value: 71.48</li>
<li>DTE Price Action: Shares of DTE Energy rose 0.7% to close at $105.37 on Friday.</li>
</ul>
<h3>Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>)</h3>
<ul>
<li>Consolidated Water reported better-than-expected third-quarter results. &ldquo;In Q3, we reported another solid quarter of results for both revenue and earnings,&rdquo; stated Consolidated Water CEO, Rick McTaggart. &ldquo;The nearly 100% increase in revenue to $49.9 million was due to strong growth across our services, retail water, and manufacturing business segments.&rdquo; The company&rsquo;s 52-week high is $36.70.</li>
<li>RSI Value: 72.95</li>
<li>CWCO Price Action: Shares of Consolidated Water gained 0.8% to close at $36.08 on Friday.</li>
</ul>
<h3>Korea Electric Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kep#NYSE">KEP</a>)</h3>
<ul>
<li>The company&rsquo;s stock jumped around 12% over the past month. The company <a href="https://www.benzinga.com/quote/KEP"> has a 52-week high </a> of $8.85.</li>
<li>RSI Value: 74.88</li>
<li>KEP Price Action: Shares of Korea Electric Power gained 3.2% to close at $7.20 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35935872/how-to-earn-500-a-month-from-deere-stock-following-upbeat-earnings"> How To Earn $500 A Month From Deere Stock Following Upbeat Earnings </a>

Short Ideas

Top 5 Utilities Stocks That May Fall Off A Cliff In November

Shares of Wynn Resorts, Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wynn#NASDAQ">WYNN</a>) fell sharply on Friday after the company reported third-quarter financial results.
Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year&#39;s period. The revenue total beat a Street consensus estimate of $1.585 billion. The company reported adjusted earnings per share of 99 cents, which beat a Street consensus estimate of 75 cents per share.
Wynn Resorts shares declined 8.1% to $83.29 on Friday.
Here are some other stocks moving in today&rsquo;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>INVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invo#NASDAQ">INVO</a>) shares jumped 112% to $1.49. NAYA Biosciences and INVO Bioscience named Dr. Peter Kash, Ed.D., MBA as Vice Chairman following closing of their pending merger.</li>
<li>Marpai, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrai#NASDAQ">MRAI</a>) shares climbed 76% to $0.6740 after the company filed to withdraw the registration statement on Form S-1. The company confirmed no securities have been sold in connection with the offering contemplated by the Registration Statement.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) shares gained 56.2% to $0.2499 after the company reported third-quarter financial results.</li>
<li>GlucoTrack, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gctk#NASDAQ">GCTK</a>) rose 47% to $0.2371.</li>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) shares jumped 43% to $3.7250 trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Synchronoss Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sncr#NASDAQ">SNCR</a>) rose 28.6% to $0.4479. The company recently reported third-quarter results.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) climbed 26.4% to $3.1100 after the company reported strong third-quarter revenue and raised 2023 revenue target.</li>
<li>Ouster, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oust#NYSE">OUST</a>) gained 24.8% to $5.14 following upbeat quarterly results.</li>
<li>VIZIO Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vzio#NYSE">VZIO</a>) rose 22.4% to $6.46 after the company reported third-quarter financial results.</li>
<li>Yoshitsu Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tklf#NASDAQ">TKLF</a>) gained 20.9% to $0.62.</li>
<li>Sunrise New Energy Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/epow#NASDAQ">EPOW</a>) jumped 20.5% to $1.35. Sunrise New Energy Chairman announced purchase of 200,000 shares in 30 days.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) shares gained 19.6% to $0.5226 after jumping over 92% on Thursday. The company reported first-quarter financial results on Wednesday.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) climbed 18.3% to $11.70 after the company reported better-than-expected third-quarter sales.</li>
<li>The Joint Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jynt#NASDAQ">JYNT</a>) climbed 17.5% to $8.66 following upbeat sales.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) gained 17.4% to $1.0683.</li>
<li>Nemaura Medical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrd#NASDAQ">NMRD</a>) rose 17.4% to $0.27.</li>
<li>Virios Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viri#NASDAQ">VIRI</a>) climbed 17% to $0.8775.</li>
<li>Doximity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docs#NYSE">DOCS</a>) rose 15.4% to $23.59 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>) gained 15.3% to $35.21 following upbeat results.</li>
<li>ARS Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spry#NASDAQ">SPRY</a>) rose 14% to $3.92 following third-quarter results.</li>
<li>Tarsus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tars#NASDAQ">TARS</a>) jumped 13.1% to $17.61 following strong sales.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/whlr#NASDAQ">WHLR</a>) gained 12.8% to $0.2665.</li>
<li>Liberty Latin America Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lila#NASDAQ">LILA</a>) gained 12.1% to $7.16 after posting a profit for the third quarter.</li>
<li>Microvast Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) climbed 12.1% to $1.3950 following third-quarter earnings.</li>
<li>Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) rose 11.6% to $98.76 after the company reported better-than-expected quarterly financial results.</li>
<li>PAR Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/par#NYSE">PAR</a>) gained 10.6% to $34.96 following upbeat results.</li>
<li>Molecular Templates, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtem#NASDAQ">MTEM</a>) gained 9.3% to $6.25.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) gained 5.6% to $0.4700 after the company announced its financial and operational results for the second quarter of fiscal year 2024.</li>
<li>Generation Bio Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbio#NASDAQ">GBIO</a>) shares rose 3.8% to $1.0804 following strong quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bw#NYSE">BW</a>) shares fell 49.4% to $1.17 after the company reported third-quarter financial results.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmci#NASDAQ">TMCI</a>) fell 39.5% to $6.04 after the company reported worse-than-expected third-quarter financial results and lowered FY23 revenue guidance below estimates.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) shares fell 37.9% to $3.6850 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Near Intelligence, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nir#NASDAQ">NIR</a>) fell 36.9% to $0.1748 after surging around 62% on Thursday.</li>
<li>2U, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twou#NASDAQ">TWOU</a>) shares fell 36.5% to $1.5106 after the company reported third-quarter earnings and lowered its 2023 revenue outlook.</li>
<li>Fortress Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbio#NASDAQ">FBIO</a>) fell 35.7% to $1.3450 after the company reported pricing of $10.0 million public offering.</li>
<li>Groupon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grpn#NASDAQ">GRPN</a>) fell 35.5% to $8.72 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crev#NASDAQ">CREV</a>) declined 35.1% to $35.50.</li>
<li>Fortress Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbio#NASDAQ">FBIO</a>) fell 34.5% to $1.3695 after the company announced pricing of a $10 million public offering.</li>
<li>Green Dot Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gdot#NYSE">GDOT</a>) declined 33% to $7.89 after the company posted weak earnings and lowered its 2023 EPS outlook.</li>
<li>Aeries Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aert#NASDAQ">AERT</a>) fell 29.9% to $1.50.</li>
<li>Purple Innovation, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prpl#NASDAQ">PRPL</a>) fell 27.9% to $0.5902 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) shares fell 27% to $0.1781.</li>
<li>Enviva Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eva#NYSE">EVA</a>) fell 27% to $0.6203. JP Morgan downgraded Enviva from Neutral to Underweight.</li>
<li>Local Bounti Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/locl#NYSE">LOCL</a>) declined 26.7% to $2.6736.</li>
<li>Montauk Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mntk#NASDAQ">MNTK</a>) declined 26.6% to $7.52 following weak sales.</li>
<li>Professional Diversity Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipdn#NASDAQ">IPDN</a>) dipped 26.6% to $1.16.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adpt#NASDAQ">ADPT</a>) fell 22.8% to $3.3100 following weak results.</li>
<li>Lyell Immunopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyel#NASDAQ">LYEL</a>) tumbled 22.8% to $1.69. Lyell Immunopharma announced that the U.S. Food and Drug Administration (FDA) granted Orphan Drug Designation to LYL845 for the treatment of patients with stage IIB-IV melanoma.</li>
<li>Savers Value Village, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/svv#NYSE">SVV</a>) declined 21.8% to $10.78 after the company reported worse-than-expected third-quarter financial results and cut FY23 revenue guidance below estimates.</li>
<li>Karat Packaging Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krt#NASDAQ">KRT</a>) fell 21.2% to $17.30 following weak sales.</li>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) shares fell 20.8% to $1.1093 after the company announced weak quarterly results.</li>
<li>Cutera, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cutr#NASDAQ">CUTR</a>) declined 20.3% to $1.4750 after the company reported worse-than-expected quarterly revenue results.</li>
<li>The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares fell 19.2% to $62.08 after the company reported third-quarter earnings and issued fourth-quarter revenue guidance below estimates.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsha#NASDAQ">TSHA</a>) fell 18.6% to $1.4250.</li>
<li>Vuzix Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vuzi#NASDAQ">VUZI</a>) fell 16.4% to $2.61 after the company third-quarter financial results.</li>
<li>Westrock Coffee Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/west#NASDAQ">WEST</a>) declined 15.9% to $7.07 after the company reported worse-than-expected third-quarter sales results and issued guidance.</li>
<li>Precigen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgen#NASDAQ">PGEN</a>) fell 15.8% to $1.0601.</li>
<li>Diageo plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deo#NYSE">DEO</a>) shares fell 14.6% to $136.64 after the company said it expects slower growth in H1 FY24 than H2 FY23 due to weaker conditions in Latin America and Caribbean.</li>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) fell 14.5% to $25.71 following third-quarter results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) dipped 13.9% to $7.01 after the company reported third-quarter financial results and issued guidance.</li>
<li>Illumina, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) declined 13.8% to $92.24 after the company reported mixed third-quarter financial results.</li>
<li>CommScope Holding Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/comm#NASDAQ">COMM</a>) tumbled 13.3% to $1.3606. B of A Securities downgraded CommScope from Buy to Neutral.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/he#NYSE">HE</a>) fell 12.2% to $12.31 following downbeat sales results.</li>
<li>Medical Properties Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpw#NYSE">MPW</a>) fell 10.5% to $4.1527 after Stifel downgraded the stock from Buy to Hold and lowered its price target from $12 to $4.5.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) fell 8.4% to $22.78.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) fell 7.9% to $15.90.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) dipped 7.6% to $9.02 following weak sales results.</li>
<li>Flowers Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flo#NYSE">FLO</a>) fell 7.3% to $20.53 following quarterly results.</li>
</ul>
&nbsp;
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Why Wynn Resorts Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks traded higher, with the Dow Jones gaining around 80 points on Friday.
Shares of Synaptics Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syna#NASDAQ">SYNA</a>) rose sharply on Friday after the company reported better-than-expected quarterly financial results.
Synaptics posted adjusted earnings of 52 cents per share, beating market estimates of 40 cents per share. The company&rsquo;s sales came in at $237.7 million&nbsp;versus expectations of $232.7 million.
Synaptics said it saw second-quarter&nbsp;revenue of $220 million to $250 million&nbsp;versus estimates of $239.82 million.
Several analysts, including, KeyBanc Capital Markets, Needham and Susquehanna raised their price targets on the stock following quarterly earnings.
Synaptics shares rose&nbsp;13.55% to $100.49 at last check.
Here are some other big stocks recording gains in Friday&#39;s session.
Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) shares jumped 31.30% to $3.22 after the company reported strong third-quarter revenue and raised 2023 revenue target.
Ouster, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oust#NYSE">OUST</a>) rose 14.46% to $4.71&nbsp;following upbeat quarterly results.
VIZIO Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vzio#NYSE">VZIO</a>) gained 25.38% to $6.62 after the company reported third-quarter financial results.
AVITA Medical&nbsp;Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) jumped 11.74% to $11.04&nbsp;after the company reported better-than-expected third-quarter sales.
Doximity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docs#NYSE">DOCS</a>) shares gained 11.68% to $22.90&nbsp;after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.
Consolidated Water Co. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwco#NASDAQ">CWCO</a>) rose 14.60% to $34.98&nbsp;following upbeat results.
ARS Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spry#NASDAQ">SPRY</a>) jumped 14% to $3.92 in early trading, but was up 5.10% at $3.61 mid-day&nbsp;following third-quarter results.
indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) rose 11.36% to $5.50&nbsp;after the company reported better-than-expected third-quarter sales results.
Tarsus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tars#NASDAQ">TARS</a>) gained 8.54% to $16.90&nbsp;following strong sales.
Liberty Latin America Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lila#NASDAQ">LILA</a>) climbed 11.74% to $7.14&nbsp;after posting a profit for the third quarter.
Microvast Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) climbed 16.06% to $1.45&nbsp;following third-quarter results.
PAR Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/par#NYSE">PAR</a>) shares rose 10.50% to $35.03&nbsp;following upbeat results.
Alarm.com Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alrm#NASDAQ">ALRM</a>) gained 9.7% to $56.46 after the company reported mixed third-quarter financial results and issued guidance.
PureCycle Technologies&nbsp;Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) rose 9.1% to $3.37, but was up 4.69% at $3.24 mid-day.
Light &amp; Wonder, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnw#NASDAQ">LNW</a>) gained 8.70% to $84.86 following third-quarter results.
AvePoint, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avpt#NASDAQ">AVPT</a>) rose 8.64% to $8.05&nbsp;after the company posted third-quarter results and raised 2023 total revenue guidance.
Stantec Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stn#NYSE">STN</a>) gained 7.52% to $67.78&nbsp;following strong results.
Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) gained 5.05% to $10.59&nbsp;following third-quarter earnings.
Hologic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holx#NASDAQ">HOLX</a>) climbed 5.35% to $70.78&nbsp;following upbeat results.
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Big Stocks Moving Higher On Friday: Synaptics Reports Q1 Beat; Joins Lyft, Hologic, Blink Charging

Consolidated Water Co. shares are trading higher after the company reported better-than-expected Q3 results.

Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.40 by 37.5 percent. This is a 1000 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $49.85 million which beat the analyst consensus estimate of $37.70 million by 32.24 percent. This is a 99.00 percent increase over sales of $25.05 million the same period last year.

Consolidated Water Co Q3 EPS $0.55 Beats $0.40 Estimate, Sales $49.85M Beat $37.70M Estimate

Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) reported its Q3 earnings results on Thursday, November 9, 2023 at 04:32 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Consolidated Water Co beat estimated earnings by 37.5%, reporting an EPS of $0.55 versus an estimate of $0.4.
Revenue was up $24.80 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.24 which was followed by a 11.37% increase in the share price the next day.
Here's a look at Consolidated Water Co's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.22</td>
<td>0.19</td>
<td>0.16</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.26</td>
<td>0.16</td>
<td>0.05</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>30.27M</td>
<td>28.25M</td>
<td>26.05M</td>
<td>24.10M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>44.24M</td>
<td>32.87M</td>
<td>28.40M</td>
<td>25.05M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Consolidated Water Co <a href="https://www.benzinga.com/quote/CWCO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Consolidated Water Co Q3 Earnings

<a href="https://www.globenewswire.com/Tracker?data=fszRy72W1JJ89jVec13tzZX7wO-2C5uD5dkKoTwR5OV2F6oH8m_jj8_s4XessQ---Mt8P3x-hyIC2WUGTIBeuiahIwhCxeXe2WnG1vFKP_0=">Consolidated Water Co. Ltd.</a> (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, announced that its wholly-owned subsidiary, <a href="https://www.globenewswire.com/Tracker?data=hIr3b46f_ciWFbjQey2eafJmbiqMvYyl15P7H0z2W-QZWq3-k8__eBT8iYsHHCDpZYvT-zyvcm7WMlpazjKf6je5OD8HnYV_afhSJ1xfKuM=">PERC Water Corporation</a> (PERC), has acquired a 100% ownership interest in <a href="https://www.globenewswire.com/Tracker?data=i8X6U_0qErkX5_5FY7ka-g0ukN20P3yW6V0YvavI6QmMgRC4-3mVUk1ruOr_5yzlhJispGo3ACuBTc1KeRJ5YE_Y7YggY912uDyP6w4WLz4rplpgP29r22CTaxzRV7Wl">Ramey Environmental Compliance</a> (REC) for a total consideration of $4.2 million in cash. &nbsp;
Founded in 1997 by Wayne and Linda Ramey, and headquartered in Frederick, Colorado, near Denver, REC operates and maintains water and wastewater treatment facilities and provides technical services throughout the Rocky Mountains and Eastern Plains of Colorado. REC specializes in helping municipalities and districts comply with environmental regulations and properly manage their precious water resources through a variety of service offerings.
REC currently services more than 100 water and wastewater treatment customers. This acquisition provides a new channel for PERC to expand its existing footprint into additional water-stressed regions across Colorado. More than 22% of the Western U.S. is experiencing drought conditions, with this up more than 51% since October of last year, according to <a href="https://www.globenewswire.com/Tracker?data=ucaoUfGEAUwhTaPheGu1dz5KVcyBS8LkpBh4_yvzUKpHL6pjUbMxjOt0FpbuGsVA8mj8dsky71uz7KrIwG3fjvVuK9ZQlCweKZE_TFORLAzggO1eRUXyuKIHB7YnROKdrCuJXjhZoGdVI_js6eSnq-HLpjJRWflQ42DwOUmcGCxaCXSi7SMESeKWhUvcCWlXeAtk2RwPeY1RAQKh37qDikT5e_nQ4KnBH-hqfmctASSHZSZTPonItKJT_OqkFt-jcb0lhaWnHQyF_mtJ2QC2nLKn64KOGPsqABL2yJRFNIPiH8bZsbGnZkg18q5vv9Gz">U.S. Drought Monitor</a>.
"Linda and I are excited to join the PERC/CWCO team and will continue to provide award-winning service to our clients in the mountains and Eastern Plains of Colorado as we have done for more than 25 years," stated REC president, Wayne Ramey. "Although we had considered other options for REC, we were impressed with the PERC/CWCO company culture which, like REC, promotes passion for water treatment, excellent service to its customers and innovation. It is really all about the people and the company culture, and we believe that combining REC with PERC/CWCO was the best choice for all of REC's stakeholders and preserving our legacy for the long-term."
REC's commitment to delivering superior water and wastewater services has won <a href="https://www.globenewswire.com/Tracker?data=EQpWdXgt9Q5HRzixWIhS9cfGEOK5FHa6VEKfb6uUVygUwp134E9i3A-fSgmLIapRj2SkCdgZwY-UJlZvRApxQuNiPIG7PX9aZsJQZ7OslEk=">numerous awards</a> over the years, including national recognition for excellence by the EPA. The company's field staff is professionally certified for the operation, maintenance, and management of a wide variety of types and sizes of water, wastewater and industrial wastewater treatment systems.
Consolidated Water president and CEO, Rick McTaggart, commented: "REC has built a stellar reputation with numerous customers and regulators across Colorado, and has assembled a professional staff that we have come to believe is second to none. Like previous successful transactions that we have completed over the years, we expect that CWCO's strong financial capabilities and incremental management skills will enable REC to expand its business in this water-stressed and growing area of the United States."
PERC Water president, Nate Owen, added:&nbsp;"The combination of PERC and REC further broadens our extensive water and wastewater treatment plant operations expertise and market area in the western United States and creates a channel for PERC to pursue design-build projects in the growing Colorado market.
"Colorado's population has grown at more than twice the rate of the national average over the past decade and newly enacted wastewater treatment regulations are creating design-build opportunities for green field projects as well as necessitating that existing wastewater treatment plants are upgraded to meet stricter nutrient removal requirements. All of us at PERC look forward to working with Wayne, Linda and their world-class staff." &nbsp;
To learn more about REC, visit <a href="https://www.globenewswire.com/Tracker?data=XKUc_T6OsVE280Pm-inz4QMhl5q1s3VulEgaSAzK9IMFls_bYOMpEASUY2gYr54ByKzbo7Kber1dz7Vmc0RkdQ==">recinc.net</a>.

Consolidated Water Group Acquires Ramey Environmental Compliance, Broadening Presence In Water-Stressed Western U.S. For A Total Consideration Of $4.2M In Cash

Warning: CWCO is at high risk of performing badly

Water is a necessity, and with the growing scarcity of freshwater worldwide, investments in water utility stocks are gaining momentum. Given this backdrop, it could be wise to keep an eye on water utility companies like Global Water Resources (GWRS), California Water Service (CWT), and Consolidated Water Co. (CWCO). Keep reading… Water might cover most of our planet, but only 3% of it is freshwater, and climate change is making this precious resource even scarcer. With global warming and rising demand, finding effective water solutions is becoming more critical than ever.
In this landscape, it could be wise to keep an eye on water utility stocks such as Global Water Resources, Inc. (<a href="https://stocknews.com/stock/GWRS/">GWRS</a>), California Water Service Group (<a href="https://stocknews.com/stock/CWT/">CWT</a>), and Consolidated Water Co. Ltd. (<a href="https://stocknews.com/stock/CWCO/">CWCO</a>), which are consistent dividend payers. These companies are well-positioned to benefit from the increasing focus on water conservation.
Water is more than just a basic necessity; it fuels countless industries, from agriculture and food production to tech and energy. As the world grapples with climate change and water scarcity, the business of sourcing, purifying, and distributing water is becoming increasingly vital.
With the demand for freshwater expected to <a href="https://blogs.worldbank.org/en/water/why-water-security-our-most-urgent-challenge-today#:~:text=By%202030%2C%20global%20freshwater%20demand,four%20cities%20face%20water%20insecurity.">outstrip supply by 40% by 2030</a> and the likelihood of more frequent droughts and extreme weather events, the water sector is poised for significant growth. Some experts even suggest that large-scale desalination might be necessary to meet global needs.
This growing need is driving investment in water-related companies, making them attractive options for those looking to capitalize on long-term trends. The U.S. water and wastewater treatment market is projected to <a href="https://www.fortunebusinessinsights.com/u-s-water-and-wastewater-treatment-market-107674">hit $206.64 billion by 2032</a>, exhibiting a CAGR of 6.9%.
In addition, the U.S. capital Department of Agriculture (USDA) recently announced a <a href="https://www.usda.gov/media/press-releases/2024/08/01/biden-harris-administration-invests-400-million-address-drought">record $2.3 billion in investments</a> under the Western Water framework to support irrigation districts, address drought, and conserve water through innovative water-saving technologies and the production of water-saving commodities.
Considering these factors, let's look at the fundamentals of the above-mentioned <a href="https://stocknews.com/category/water/">Water</a> stocks, beginning with the third choice.
Stock #3: Consolidated Water Co. Ltd. (<a href="https://stocknews.com/stock/CWCO/">CWCO</a>)
Headquartered in Grand Cayman, CWCO designs, constructs, manages, and operates water production, water distribution systems, and water treatment plants, primarily in the Cayman Islands, the Bahamas, and the United States. It operates through four segments: Retail; Bulk; Services; and Manufacturing.
Buoyed by strong financial performance, the company paid its shareholders a dividend of $0.095 per share on July 31 for the third quarter of 2024.
CWCO pays an annual dividend of $0.38, which translates to a yield of 1.34% at the current share price. Its four-year average dividend yield is 2.27%. Moreover, the company's dividend payouts have increased at CAGRs of 3.8% and 2.3% over the past three and five years, respectively.
In the fiscal first quarter that ended on June 30, 2024, CWCO's total revenue increased 20.7% year-over-year to $39.69 million. The company reported a gross profit of $13.88 million, indicating a 31.4% growth from the prior year quarter. In addition, its attributable net income came in at $6.47 million, up 66.7% year-over-year, while <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> grew 66.7% from the year-ago value to $0.40.
Analysts expect CWCO's revenue and EPS for the current year to decrease 19.9% and 32.8% year-over-year to $144.35 million and $1.25, respectively. However, for the fiscal year ending December 2025, its revenue is expected to grow 14.4% from the prior year to $165.20 million, while its EPS for the same period is forecasted to increase 16.8% year over year to $1.46.
CWCO shares have surged 45.6% over the past year to close the last trading session at $28.41.
CWCO's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a grade B for Momentum and Quality. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 12 stocks in the <a href="https://stocknews.com/category/water/">Water</a> industry, it is ranked #3. <a href="https://stocknews.com/stock/CWCO/">Click here</a> to see the additional CWCO ratings (Growth, Value, Stability, and Sentiment).
Stock #2: California Water Service Group (<a href="https://stocknews.com/stock/CWT/">CWT</a>)
CWT provides water utility and related services across California, Washington, New Mexico, Hawaii, and Texas. The company handles the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation purposes, as well as fire protection services. 
On July 31, demonstrating its commitment to returning value to shareholders, the company declared the 318th consecutive quarterly dividend of $0.28 per common share. This dividend will be paid on August 23, 2024, to shareholders on record as of August 12, 2024.
With 56 years of consecutive dividend growth, CWT pays an annual dividend of $1.12, which translates to a yield of 2.08% at the current share price. Its four-year average dividend yield is 1.77%. Moreover, its dividend payouts have increased at a CAGR of 6.9% over the past three years.
On July 9, CWT's largest subsidiary, California Water Service, announced its plans to invest more than $1.6 billion in its districts from 2025-2027, including approximately $1.3 billion of newly proposed capital investments to ensure a reliable supply of high-quality water.
The application to the CPUC also proposes a Low-Use Water Equity Program to decouple revenue from water sales, helping low-water-using, lower-income customers. Additionally, the plan includes replacing aging water pipelines.
On May 28, California Water Service acquired the water system assets of Kings Mountain Park Mutual Water Company. Cal Water's Bear Gulch District, which has been supplying water to Kings Mountain, will now directly serve its customers. This acquisition will allow Cal Water to invest in and maintain Kings Mountain's infrastructure, ensuring safe and reliable water service for daily and emergency needs.
CWT's operating revenue for the second quarter ended June 30, 2024, increased 25.9% year-over-year to $244.30 million. Its net operating income improved by 202% from the year-ago value to $48.17 million. The company's net income attributable to CWT grew 324.4% from the prior-year quarter to $40.55 million, while its earnings per share stood at $0.70, up 311.8% year-over-year.
Street expects CWT's EPS for the third quarter (ending September 2024) to increase 80% year-over-year to $1.08. Its revenue for the ongoing quarter is expected to grow by 20.3% from the prior year to $306.80 million.
Over the past six months, the stock has gained 17.3%, closing the last trading session at $53.88.
CWT's mixed fundamentals are reflected in its POWR Ratings. It has a B grade for Growth and Sentiment. It is ranked #2 out of 12 stocks within the same industry.
Beyond what is stated above, we've also rated CWT for Value, Momentum, Stability, and Quality. Get all CWT ratings <a href="https://stocknews.com/stock/CWT/">here</a>.
Stock #1: Global Water Resources, Inc. (<a href="https://stocknews.com/stock/GWRS/">GWRS</a>)
GWRS is a water resource management company that owns, operates, and manages regulated water, wastewater, and recycled water systems, primarily in metropolitan Phoenix and Tucson, Arizona. It aims to implement an integrated strategy called Total Water Management. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas.
On July 31, the company declared a monthly cash dividend of $0.025 per common share, payable on August 30, 2024, to shareholders of record on August 6, 2024. GWRS pays an annual dividend of $0.30, which translates to a yield of 2.35% at the current share price. Its four-year average dividend yield is 2.17%.
On May 7, GWRS agreed to acquire seven water systems from the City of Tucson's water utility, serving around 2,200 customers in Pima County. These systems will be integrated with existing Global Water utilities in the area, increasing their total customers in Pima County to approximately 7,200. The deal, anticipated to be completed early next year, aligns well with GWRS' growth and development strategy for Pima County.
For the fiscal first quarter that ended March 31, 2024, GWRS' total revenues amounted to $11.61 million, while its adjusted EBITDA increased 4.5% year-over-year to $5.40 million. Its adjusted net income for the quarter amounted to $691 thousand, while its adjusted EPS remained flat at $0.03 year-over-year. In addition, the company's net cash flow from operating activities grew 24.4% from the year-ago value to $8.07 million.
The consensus revenue estimate of $13.60 million for the fiscal second quarter (ended June 2024) represents a 4.6% increase year-over-year. The consensus EPS estimate of $0.08 for the about-to-be-reported quarter indicates a 14.3% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of GWRS have gained 22.2% over the past nine months to close the last trading session at $12.83.
GWRS' POWR Ratings reflect this outlook. It has an A grade for Sentiment and a B for Stability and Quality. Out of 12 stocks in the same industry, GWRS is ranked first. To see the other ratings of GWRS for Growth, Value, and Momentum, <a href="https://stocknews.com/stock/GWRS/">click here</a>.
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CWT shares were trading at $54.30 per share on Friday morning, up $0.42 (+0.78%). Year-to-date, CWT has gained 5.90%, versus a 12.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/cwt-cwco-gwrs-keep-an-eye-on-these-3-water-utility-stocks-this/>Keep an Eye on These 3 Water Utility Stocks This August</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Keep an Eye on These 3 Water Utility Stocks This August

Consolidated Water Q2 2024 Earnings Preview

Consolidated Water GAAP EPS of $0.26 misses by $0.02, revenue of $32.48M misses by $4.82M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Consolidated Water Co (NASDAQ:<a href="https://investorplace.com/stock-quotes/cwco-stock-quote/">CWCO</a>) just reported results for the second quarter of 2024.<ul><li>Consolidated Water Co reported earnings per share of 26 cents. This was below the analyst estimate for EPS of 34 cents.</li><li>The company reported revenue of $32.48 million.</li><li>This was 12.92% worse than the analyst estimate for revenue of $37.30 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/cwco-stock-earnings-consolidated-water-co-for-q2-of-2024/">CWCO Stock Earnings: Consolidated Water Co Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CWCO Stock Earnings: Consolidated Water Co Misses EPS, Misses Revenue for Q2 2024

Consolidated Water Co. Ltd. (CWCO) Q2 2024 Earnings Call Transcript

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Consolidated Water Co (CWCO) Forecast

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