earnings
confidence high
sentiment positive
materiality 0.70
American Water Q3 EPS $1.66 beats $1.63 YoY; initiates FY2024 EPS guidance $5.10-$5.20
American Water Works Company, Inc.
2023-Q3 EPS reported
$4.03
revenue$3,185,000,000
- Q3 2023 EPS $1.66 vs $1.63 YoY; YTD EPS $4.03 vs $3.70 YoY.
- 2023 EPS guidance affirmed at $4.72-$4.82 on weather-normalized basis.
- Initiates 2024 EPS guidance of $5.10-$5.20; capital plan $2.9B in 2023 on track.
- Long-term EPS and dividend CAGR targets of 7-9% reaffirmed.
- Weather positively impacted Q3 by $0.04 and YTD by $0.11 per share.