#10 - Global Water Resources, Inc. (NASDAQ:GWRS)
Global Water Resources, Inc. (NASDAQ: GWRS) – Another play in the small-cap sector is GWRS. In addition to being shielded from the tariff dispute, utility stocks are always a strong defense against market uncertainty. Global Water Resources has a strong earnings growth of 41.7 percent compared to the industry average of 13.9 percent. And for 2018, the stock price has increased 2.9 percent whereas the industry average is -13.5 Earlier this month, the company beat their quarterly earnings estimate by $0.05 a share ($0.11 vs. $0.06). The company also posted $10.84 million in revenues, beating analysts’ estimates by nearly 25%. This makes it four straight quarters that the company has beaten consensus revenue estimates. In July, the company announced that they have made underwritten public offering of 1,720,000 shares of common stock valued at $9.25 per share. The company anticipates using the net proceeds to fund acquisitions and to provide working capital.
About Global Water Resources
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
- Current Price
- $11.32
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
As an investor, the Trump tariffs are an opportunity for you to witness the way markets move. The Trump tariffs are one of the single largest stories impacting the market today, and the story is still being written.
A tariff always creates winners and losers because ultimately it causes costs to be shifted. For example, although the steel industry looks to benefit, the cost of items made from steel such as automobiles and washing machines are going to increase. This cost is going to be passed along to consumers.
But tariffs can also help promote efficiencies. U.S. manufacturers who are facing tariffs against their products being sold overseas will be looking for ways to automate their processes to better compete. This may result in the unintended consequence of lost jobs in some sectors just as other sectors are growing.
As an investor, you should be looking at the companies that are poised to directly benefit from the tariffs as well as look to add some defensive stocks that are protected from the uncertainty surrounding the tariffs.
More Investing Slideshows:
