Zacks: Brokerages Expect The Alkaline Water Company Inc. (NASDAQ:WTER) to Announce -$0.09 EPS

Wall Street brokerages expect The Alkaline Water Company Inc. (NASDAQ:WTER) to post earnings per share of ($0.09) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Alkaline Water’s earnings. Alkaline Water reported earnings of ($0.06) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 15th.

According to Zacks, analysts expect that Alkaline Water will report full year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.35). For the next year, analysts expect that the company will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.30) to ($0.14). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Alkaline Water.

Alkaline Water (NASDAQ:WTER) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). The business had revenue of $15.26 million for the quarter, compared to analyst estimates of $15.00 million. Alkaline Water had a negative return on equity of 308.84% and a negative net margin of 52.61%.

Several equities analysts have recently issued reports on WTER shares. Roth Capital reiterated a “buy” rating on shares of Alkaline Water in a research report on Wednesday, September 22nd. HC Wainwright restated a “buy” rating on shares of Alkaline Water in a research report on Wednesday, November 10th.

Shares of NASDAQ WTER remained flat at $$1.13 during midday trading on Friday. The stock had a trading volume of 809,626 shares, compared to its average volume of 1,215,308. The business’s fifty day moving average is $1.30 and its 200 day moving average is $1.57. The stock has a market cap of $117.90 million, a price-to-earnings ratio of -3.65 and a beta of 2.00. Alkaline Water has a fifty-two week low of $0.96 and a fifty-two week high of $2.35.

Alkaline Water Company Profile

The Alkaline Water Co, Inc engages in the business of distributing, marketing and selling of bottled alkaline water in the Untied States of America. It offers retail consumers bottled alkaline water in 1-gallon, 3-liter, 1.5-liter, 1-liter, 700ml, and 500ml sizes under the trade name Alkaline88. The firm also offers retail consumers flavor infused bottled water in the 500-milliliter size in six flavors: Raspberry, Watermelon, Lemon, Lemon Lime, Peach Mango, and Blood Orange.

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