Equities analysts forecast that AquaVenture Holdings Ltd (NYSE:WAAS) will announce earnings per share of ($0.21) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for AquaVenture’s earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.25). AquaVenture posted earnings per share of ($0.29) in the same quarter last year, which suggests a positive year-over-year growth rate of 27.6%. The company is expected to announce its next earnings results on Thursday, November 8th.

On average, analysts expect that AquaVenture will report full-year earnings of ($0.83) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.76). For the next year, analysts expect that the business will report earnings of ($0.57) per share, with EPS estimates ranging from ($0.60) to ($0.53). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for AquaVenture.

AquaVenture (NYSE:WAAS) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. AquaVenture had a negative net margin of 19.75% and a negative return on equity of 7.34%. The firm had revenue of $34.45 million during the quarter, compared to the consensus estimate of $32.64 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year.

A number of research firms have recently issued reports on WAAS. Zacks Investment Research upgraded shares of AquaVenture from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Saturday, July 7th. Lake Street Capital began coverage on shares of AquaVenture in a research report on Friday, August 17th. They set a “buy” rating and a $29.00 price target for the company. ValuEngine upgraded shares of AquaVenture from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. JMP Securities lifted their price target on shares of AquaVenture from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Finally, TheStreet upgraded shares of AquaVenture from a “d” rating to a “c-” rating in a research report on Monday, August 20th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.14.

Several hedge funds have recently bought and sold shares of WAAS. Millennium Management LLC lifted its position in shares of AquaVenture by 117.2% during the 4th quarter. Millennium Management LLC now owns 35,261 shares of the company’s stock valued at $547,000 after acquiring an additional 19,025 shares during the period. Trexquant Investment LP acquired a new stake in shares of AquaVenture during the 1st quarter valued at approximately $374,000. Engineers Gate Manager LP acquired a new stake in shares of AquaVenture during the 1st quarter valued at approximately $198,000. Gamco Investors INC. ET AL acquired a new stake in shares of AquaVenture during the 1st quarter valued at approximately $154,000. Finally, Teton Advisors Inc. acquired a new position in shares of AquaVenture during the 1st quarter worth approximately $143,000. Institutional investors own 33.77% of the company’s stock.

Shares of WAAS stock traded up $0.32 during midday trading on Monday, reaching $17.34. 41,384 shares of the company traded hands, compared to its average volume of 69,502. AquaVenture has a 1-year low of $10.87 and a 1-year high of $18.72. The company has a current ratio of 6.17, a quick ratio of 5.74 and a debt-to-equity ratio of 0.49. The company has a market cap of $456.92 million, a price-to-earnings ratio of -17.69 and a beta of 1.16.

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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.

Further Reading: Google Finance Portfolio Workaround

Get a free copy of the Zacks research report on AquaVenture (WAAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AquaVenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture and related companies with MarketBeat.com's FREE daily email newsletter.