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

Brokerages predict that The Alkaline Water Company Inc. (NASDAQ:WTERGet Rating) will post ($0.09) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Alkaline Water’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.07). Alkaline Water posted earnings of ($0.06) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Alkaline Water will report full-year earnings of ($0.38) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.36). For the next fiscal year, analysts forecast that the company will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.30) to ($0.21). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Alkaline Water.

Alkaline Water (NASDAQ:WTERGet Rating) last posted its quarterly earnings results on Monday, February 14th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Alkaline Water had a negative return on equity of 294.08% and a negative net margin of 59.37%. The business had revenue of $15.11 million for the quarter, compared to the consensus estimate of $15.00 million.

Shares of WTER traded up $0.02 during mid-day trading on Tuesday, reaching $0.83. The company had a trading volume of 276,584 shares, compared to its average volume of 866,448. Alkaline Water has a 52-week low of $0.68 and a 52-week high of $2.35. The stock has a market capitalization of $91.86 million, a P/E ratio of -2.37 and a beta of 2.03. The stock has a 50 day moving average of $0.89 and a two-hundred day moving average of $1.18.

About Alkaline Water (Get Rating)

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water in various flavors, including raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint. The company offers bottled alkaline water in various volumes under the Alkaline88 brand.

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