Essential Utilities: Q1 Earnings Insights

Essential Utilities WTRG reported its Q1 earnings results on Monday, May 9, 2022 at 08:00 AM.

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

Essential Utilities beat estimated earnings by 2.7%, reporting an EPS of $0.76 versus an estimate of $0.74.

Revenue was up $115.71 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 4.13% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.44	0.21	0.26	0.66
EPS Actual	0.44	0.19	0.32	0.72
Revenue Estimate	496.24M	366.95M	373.36M	656.92M
Revenue Actual	535.69M	361.86M	397.03M	583.57M

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 FY 2022, expecting earnings between $1.75 and $1.8 per share.

To track all earnings releases for Essential Utilities visit their earnings calendar here.

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

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