Consolidated Water (CWCO) closed the most recent trading day at $24.65, moving +0.86% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.27%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq added 0.26%.

The developer and operator of desalination plants's stock has dropped by 2.9% in the past month, falling short of the Utilities sector's loss of 2.82% and the S&P 500's gain of 2%.

Analysts and investors alike will be keeping a close eye on the performance of Consolidated Water in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.26, marking a 52.73% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $31.77 million, reflecting a 36.27% fall from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.25 per share and a revenue of $137.5 million, representing changes of -35.23% and -23.7%, respectively, from the prior year.

Any recent changes to analyst estimates for Consolidated Water should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Consolidated Water is carrying a Zacks Rank of #4 (Sell).

In the context of valuation, Consolidated Water is at present trading with a Forward P/E ratio of 19.5. This denotes a discount relative to the industry's average Forward P/E of 20.55.

We can also see that CWCO currently has a PEG ratio of 2.44. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Utility - Water Supply industry held an average PEG ratio of 3.16.