Zacks: Analysts Anticipate AquaVenture Holdings Ltd (NYSE:WAAS) Will Post Earnings of -$0.17 Per Share

Wall Street brokerages expect that AquaVenture Holdings Ltd (NYSE:WAAS) will announce earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for AquaVenture’s earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.20). AquaVenture reported earnings of ($0.25) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 32%. The company is scheduled to report its next earnings results on Wednesday, February 26th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.59). For the next year, analysts expect that the business will post earnings of ($0.55) per share, with EPS estimates ranging from ($0.71) to ($0.38). Zacks’ EPS calculations are an average based on a survey of analysts that follow AquaVenture.

AquaVenture (NYSE:WAAS) last issued its earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.07. The business had revenue of $52.90 million for the quarter, compared to the consensus estimate of $49.13 million. AquaVenture had a negative net margin of 10.28% and a negative return on equity of 5.64%. The business’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share.

Several brokerages have recently weighed in on WAAS. ValuEngine downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 target price on shares of AquaVenture in a report on Sunday, August 11th. Finally, Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Wednesday, September 18th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $26.33.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of AquaVenture by 111.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock valued at $32,000 after acquiring an additional 867 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of AquaVenture in the third quarter valued at about $57,000. JPMorgan Chase & Co. lifted its stake in shares of AquaVenture by 23.0% in the second quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock valued at $66,000 after purchasing an additional 613 shares during the period. Tortoise Capital Advisors L.L.C. lifted its stake in shares of AquaVenture by 1,776.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock valued at $84,000 after purchasing an additional 3,962 shares during the period. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of AquaVenture in the third quarter valued at about $127,000. 44.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:WAAS traded up $0.16 during midday trading on Friday, hitting $21.90. The stock had a trading volume of 106,788 shares, compared to its average volume of 102,653. The stock has a 50 day moving average price of $20.78 and a two-hundred day moving average price of $19.04. The company has a quick ratio of 3.64, a current ratio of 4.09 and a debt-to-equity ratio of 0.79. AquaVenture has a 1 year low of $16.08 and a 1 year high of $23.35.

About AquaVenture

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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