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Middlesex Water (MSEX) Lags Q2 Earnings and Revenue Estimates

Middlesex Water (MSEX) came out with quarterly earnings of 0.6pershare,missingtheZacksConsensusEstimateof0.6 per share, missing the Zacks Consensus Estimate of 0.68 per share. This compares to earnings of 0.59pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof11.760.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.76%. A quarter ago, it was expected that this water utility would post earnings of 0.55 per share when it actually produced earnings of $0.53, delivering a surprise of -3.64%.Over the last four quarters, the co ...