AquaVenture Holdings Ltd (NYSE:WAAS) Expected to Post Earnings of -$0.20 Per Share

Analysts expect AquaVenture Holdings Ltd (NYSE:WAAS) to announce earnings of ($0.20) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AquaVenture’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.22). AquaVenture posted earnings per share of ($0.10) in the same quarter last year, which indicates a negative year over year growth rate of 100%. The company is expected to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that AquaVenture will report full year earnings of ($0.71) per share for the current year, with EPS estimates ranging from ($0.77) to ($0.62). For the next financial year, analysts forecast that the business will post earnings of ($0.58) per share, with EPS estimates ranging from ($0.72) to ($0.41). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AquaVenture.

AquaVenture (NYSE:WAAS) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.11. AquaVenture had a negative net margin of 10.53% and a negative return on equity of 5.55%. The business had revenue of $51.40 million for the quarter, compared to analyst estimates of $47.59 million. During the same quarter in the prior year, the business earned ($0.19) EPS. AquaVenture’s quarterly revenue was up 49.0% on a year-over-year basis.

A number of research analysts recently commented on WAAS shares. ValuEngine upgraded shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 price target on shares of AquaVenture in a research note on Sunday, August 11th. Finally, Zacks Investment Research upgraded shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.86.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AquaVenture by 111.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock worth $32,000 after purchasing an additional 867 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of AquaVenture by 23.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock worth $66,000 after purchasing an additional 613 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in shares of AquaVenture by 1,776.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock worth $84,000 after purchasing an additional 3,962 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of AquaVenture during the 2nd quarter worth approximately $205,000. Finally, Mackenzie Financial Corp acquired a new position in shares of AquaVenture during the 2nd quarter worth approximately $224,000. Institutional investors and hedge funds own 30.63% of the company’s stock.

WAAS traded down $0.06 on Thursday, reaching $19.37. The company had a trading volume of 141,053 shares, compared to its average volume of 195,666. AquaVenture has a fifty-two week low of $16.08 and a fifty-two week high of $23.35. The stock has a market cap of $616.27 million, a P/E ratio of -24.83 and a beta of 0.91. The company’s fifty day moving average is $18.77 and its 200 day moving average is $18.64. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.05 and a current ratio of 2.49.

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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