American States Water: Q1 Earnings Insights

Shares of American States Water AWR quite in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 13.04% year over year to $0.52, which beat the estimate of $0.45.

Revenue of $117,060,000 rose by 7.32% year over year, which beat the estimate of $100,910,000.

Technicals

52-week high: $84.00

52-week low: $69.25

Price action over last quarter: Up 3.93%

Company Profile

American States Water Co is water and utilities holding company based in California. The segments of the firm include water, electric, and contracted services. Within these segments, American States Water conducts water and electric operations through Golden State Water Company and contracted services through American States Utility Services and its subsidiaries. Golden State Water conducts its operations across various counties in California and is regulated by the California Public Utilities Commission. American States Utility Services has contracted with the U.S. government to provide water services to various military installations. The majority of the company's revenue is derived from water services, primarily from commercial and residential customers.