Recap: Essential Utilities Q4 Earnings

Essential Utilities WTRG reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Essential Utilities reported in-line EPS of $0.44 versus an estimate of $0.44.

Revenue was up $61.69 million from the same period last year.

Last quarter the company missed on EPS by $0.02 which was followed by a 0.47% increase in the share price the next day.

Here's a look at Essential Utilities's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.21	0.26	0.66	0.45
EPS Actual	0.19	0.32	0.72	0.46
Revenue Estimate	366.95M	373.36M	656.92M	558.30M
Revenue Actual	361.86M	397.03M	583.57M	474.00M

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).

Essential Utilities management provided guidance for their next quarter, expecting earnings between $1.75 and $1.8 per share for the next quarter.

This represents a 303.41% in quarter-over-quarter growth for Essential Utilities, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.