Investing.com - Sabesp ADR reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sabesp ADR announced earnings per share of 0.1272 on revenue of 950.34M. Analysts polled by Investing.com anticipated EPS of 0.1819 on revenue of 743.69M.
Sabesp ADR shares are up 23.26% from the beginning of the year, still down 30.23% from its 52 week high of 9.46 set on December 3, 2020. They are under-performing the Nifty 50 which is up 29.47% from the start of the year.
Sabesp ADR follows other major Utilities sector earnings this month
Sabesp ADR's report follows an earnings beat by NextEra Energy on October 20, who reported EPS of 0.75 on revenue of 4.37B, compared to forecasts EPS of 0.716 on revenue of 5.44B.
Enbridge had beat expectations on November 5 with third quarter EPS of 0.59 on revenue of 9.62B, compared to forecast for EPS of 0.5705 on revenue of 9.62B.
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