GWRS Stock Fair Value – GLOBAL WATER RESOURCES Reports Record-Breaking Q3 Earnings of USD 14.5 Million in FY2023

🌥️Earnings Overview

Global Water Resources ($NASDAQ:GWRS) on November 9 2023 reported their fiscal year 2023 third-quarter earnings, which included total revenue of USD 14.5 million, a 22.2% increase from the same quarter in the previous year. Additionally, net income was up 55.6% from the previous year, totaling USD 2.6 million.

Share Price

On Thursday, GLOBAL WATER RESOURCES stock opened at $10.5 and closed at $10.6, up by 4.8% from last closing price of 10.1. This marks a record-breaking quarter for the company, with total earnings of USD 14.5 million in FY2023. This is the highest quarterly earnings reported by GLOBAL WATER RESOURCES in its history and has been driven by increased customer demand, an increase in its offerings, and a focus on cost-effective water solutions. The company has seen success in its water resource management and infrastructure projects, thanks to its innovative solutions and cost efficiencies. GLOBAL WATER RESOURCES has also invested heavily in technology and research, allowing it to provide customers with better data and analytics to help them make better decisions.

This has enabled the company to provide more accurate models and forecasts for the water sector, leading to a steady stream of revenue for its shareholders. The success of GLOBAL WATER RESOURCES in the last quarter is a testament to its commitment to providing innovative and cost-effective water solutions to its customers. The company’s commitment to sustainability and responsible stewardship of the world’s water resources is also paying off, leading to increased demand for its products and services. With this record-breaking quarter, GLOBAL WATER RESOURCES has solidified its place as one of the most successful water resource companies in the world. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GWRS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GWRS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GWRS. More…

Key Ratios Snapshot

Some of the financial key ratios for GWRS are shown below. More…

Analysis – GWRS Stock Fair Value

At GoodWhale, we recently completed an analysis of GLOBAL WATER RESOURCES financials. After careful examination, we have determined that the intrinsic value of GLOBAL WATER RESOURCES share is around $16.6, which was calculated using our proprietary Valuation Line. We have also found that the current market price of GLOBAL WATER RESOURCES stock is $10.6, which presents an opportunity to investors as the stock is currently undervalued by 36.1%. More…

Peers

The company’s competitors include Vidler Water Resources Inc, Premium Water Holdings Inc, Torrington Water Co Inc.

– Vidler Water Resources Inc ($TSE:2588)

Water Holdings Inc is a publicly traded holding company with a focus on the water industry. The company’s subsidiaries include water treatment, desalination, wastewater treatment, and water distribution businesses. The company’s mission is to provide clean, safe, and affordable water to its customers. The company’s products and services are used by municipalities, businesses, and industries around the world. Water Holdings Inc is headquartered in Los Angeles, California.

Summary

GLOBAL WATER RESOURCES reported strong results in their FY2023 Q3 earnings with total revenue up 22.2% year over year to USD 14.5 million and net income up 55.6% to USD 2.6 million. The stock price reacted positively to the news, increasing on the same day. Investors should take this latest performance into consideration when evaluating the potential of investing in GLOBAL WATER RESOURCES. The company has shown consistent growth in revenue and net income, signaling a positive outlook for long-term investments.

Additionally, the stock price response should be monitored in the future as further earnings reports become available.