Essential Utilities Inc (NYSE: WTRG) has reported earnings for its third fiscal quarter (ending September 30) of $0.30 versus $0.26 for the same period a year ago — an increase of 15%. Relative to the consensus estimate of $0.29, this was a premium of $0.01. For the latest four quarters through September 30, E.P.S. were $1.81 compared to $1.79 a year ago — an increase of 1%.
Recent Price Action
Essential Utilities Inc (NYSE: WTRG) stock closed at $35.32 on 11/6/23 after a decline of -1.4%. The stock has risen 6.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
WTRG's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Essential Utilities has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock's attractiveness. Essential Utilities has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 35, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.