What to expect when AWK releases Q3 earnings

American Water Works (NYSE:AWK) announced that its third-quarter 2025 earnings and guidance will be released on October 30, followed by a conference call and webcast for investors the following morning. American Water Works is the largest regulated water and wastewater utility company in the United States and has turned in a fantastic 2024 so far.

Over the past year, American Water Works stock is up 21% and is up 26% over the past 6 months. Here is today’s press release from AWK:

CAMDEN, NJ–(BUSINESS WIRE)–

American Water Works Company, Inc. (NYSE: AWK) announced today that it plans to release its third quarter 2024 financial results, 2025 earnings guidance and long-term financial goals after the market closes on Wednesday, October 30, 2024.

Susan Hardwick, Executive Director; John Griffith, President; Cheryl Norton, Executive Vice President and Chief Operating Officer; and David Bowler, Executive Vice President and Chief Financial Officer, will host a conference call and webcast with investors, analysts and other stakeholders on Thursday, October 31, 2024 at 9:00 a.m. Eastern Daylight Time. The call will include a discussion of third quarter 2024 results, the initiation of 2025 guidance and a discussion of long-term financial targets. There will be a question and answer session as part of the call.

Interested parties may listen to an audio webcast of the conference call via a link on the Investor Relations website at ir.amwater.com. Presentation slides to be used with the earnings conference call will also be available online in advance at ir.amwater.com. A replay of the audio webcast will be available for one year on American Water’s investor relations website at ir.amwater.com/events. The Company recognizes its website as a key distribution channel to reach public investors and as a means of disclosing material non-public information to comply with its obligations under SEC Regulation FD.

About American Water

American Water (NYSE: AWK ) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing®, providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s size and national scale to achieve great results for the benefit of customers, employees, investors and other stakeholders.

For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

AWK-IR, 2 October. 2024

Q3 expectations for AWK

On July 31, American Water Works updated its revenue guidance for the year. The company is now expecting 2024 earnings per share (EPS) to fall within a revised range of $5.25 to $5.30restricting previous guidance a $5.20 to $5.30. This update is based on weather-normalized expectations and includes approx $0.10 per share of increased interest income from a change in early 2024 to the terms of the secured seller receivable related to the 2021 sale of the former Home Owner Service Group (HOS).

Wall Street’s expectation for the October 30 results is earnings per share of $1.89 on revenue of $1.23 billion, compared with $1.66 on $1.167 billion for Q3 2023.

Wall Street’s take on American Water Works

Despite the great year for AWK stock, Wall Street’s consensus outlook for the stock is 2.20 out of 5, or “Hold.” However, the 1-year consensus price target is $144.58, which is 7.55% higher than where the stock is currently trading. Royal Bank of Canada believes the stock has more room to run and has an “Outperform” rating on the stock with a $164 price target.

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