American Water's Earnings Are Benefiting From Global Warming and a Military Base Winning Streak
Earlier this month, water utility giant American Water Works (NYSE: AWK) released solid third-quarter 2020 results. Revenue increased 6.5% year over year to $1.08 billion and earnings per share (EPS) rose 9.8% to $1.46, easily beating the $1.38 Wall Street had been expecting.
Earnings releases only tell part of the story. Management's comments during analyst earnings calls often reveal key insights about a company's business performance, prospects, and strategy. Below are three key things American Water's management shared on the Q3 call that investors should know. [Transcript via Seeking Alpha.]
For context, in 2020, shares of American Water have returned 27.1% through Nov. 27. That's nearly double the S&P 500 index's 14.5% return over this period.
Source Fool.com
