American Water Works (NYSE:AWK) reported its Q1 earnings results on Wednesday, April 27, 2022 at 04:35 PM.
Here's what investors need to know about the announcement.
Earnings
American Water Works beat estimated earnings by 12.99%, reporting an EPS of $0.87 versus an estimate of $0.77.
Revenue was down $46.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 1.21% increase in the share price the next day.
Here's a look at American Water Works's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 1.53 | 1.09 | 0.73 |
| EPS Actual | 0.85 | 1.53 | 1.14 | 0.73 |
| Revenue Estimate | 1.01B | 1.21B | 1.01B | 850.71M |
| Revenue Actual | 951.00M | 1.09B | 999.00M | 888.00M |
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).
Guidance
American Water Works management provided guidance for FY 2022, expecting earnings between $4.39 and $4.49 per share.
To track all earnings releases for American Water Works visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
