Equity Profile

AWR

American States Water Company

UtilitiesWater Utilities$3.5B

Nov6Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EST

Company Snapshot

American States Water Company (AWR) operates in the utilities sector, primarily focusing on water services. As a key player in the water utilities industry, it provides essential services that are crucial for residential and commercial customers, making it an important company in the context of public health and infrastructure.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its expenses relative to its revenue.

N/A

Revenue Growth

Revenue growth will provide insights into the company's ability to expand its customer base and increase service rates, which is vital for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AWR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.52%

Avg Stock Reaction

-0.43%

Last Quarter Recap

In the last quarter, AWR reported an EPS of $0.76, slightly missing the analyst estimate of $0.77. The stock reacted negatively, declining by 0.47% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining water quality standards.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Overall, expectations for AWR are mixed as the company has shown a tendency to miss estimates recently. Investors will be closely watching for any signs of improved performance or guidance.

Bull Case

If AWR can deliver better-than-expected EPS and demonstrate strong revenue growth, it could signal a turnaround in performance and boost investor confidence.

Bear Case

Conversely, if the company continues to miss expectations and fails to provide a clear path to growth, it may lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.76 this quarter?

A strong EPS figure could indicate improved operational efficiency and profitability, which is crucial for investor confidence.

What is the current customer count and growth rate?

Understanding customer growth will help gauge demand for services and the company's market position, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's ability to improve operational efficiency and customer growth, which could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, AWR has a history of surprising on the upside, with a 57% EPS beat rate.

Options pricing suggests higher volatility, indicating that traders expect significant movement, which could favor a positive outcome.

Management's focus on infrastructure investment may yield long-term benefits not fully reflected in current estimates.

Key Risk

If customer growth exceeds expectations, it could lead to a significant upward revision of revenue forecasts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether AWR can turn around its recent performance and show growth in a competitive utilities landscape.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.61%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 4.61%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±4.6% while AWR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.9%

Calls (200)P/C Ratio: 9.18Puts (14K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

82.84%

of float

Insider

0.82%

of float

Holders

501

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
6,969,137 sh · $553.4M
17.78%
2.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AWR beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around a 0.91% increase.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

If AWR misses expectations, history suggests a potential decline of about 0.07%, indicating continued investor skepticism.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investment plans and their expected impact on service reliability.
2Details on customer acquisition strategies and growth metrics.
3Management's outlook on regulatory changes affecting the water utility sector.
4Insights into operational efficiency improvements and cost management.
5Any commentary on competitive pressures and market positioning.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its expenses relative to its revenue.

N/A

Revenue Growth

Revenue growth will provide insights into the company's ability to expand its customer base and increase service rates, which is vital for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AWR Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.52%

Avg Stock Reaction

-0.43%

Last Quarter Recap

In the last quarter, AWR reported an EPS of $0.76, slightly missing the analyst estimate of $0.77. The stock reacted negatively, declining by 0.47% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining water quality standards.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Overall, expectations for AWR are mixed as the company has shown a tendency to miss estimates recently. Investors will be closely watching for any signs of improved performance or guidance.

Bull Case

If AWR can deliver better-than-expected EPS and demonstrate strong revenue growth, it could signal a turnaround in performance and boost investor confidence.

Bear Case

Conversely, if the company continues to miss expectations and fails to provide a clear path to growth, it may lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.76 this quarter?

A strong EPS figure could indicate improved operational efficiency and profitability, which is crucial for investor confidence.

What is the current customer count and growth rate?

Understanding customer growth will help gauge demand for services and the company's market position, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's ability to improve operational efficiency and customer growth, which could lead to better-than-expected results.

Supporting Evidence

Despite recent misses, AWR has a history of surprising on the upside, with a 57% EPS beat rate.

Options pricing suggests higher volatility, indicating that traders expect significant movement, which could favor a positive outcome.

Management's focus on infrastructure investment may yield long-term benefits not fully reflected in current estimates.

Key Risk

If customer growth exceeds expectations, it could lead to a significant upward revision of revenue forecasts.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether AWR can turn around its recent performance and show growth in a competitive utilities landscape.

Bull Confirmed If

An EPS of $0.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $0.75 would confirm the bear case, suggesting ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.61%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 4.61%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±4.6% while AWR has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.9%

Calls (200)P/C Ratio: 9.18Puts (14K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders adding

Institutional

82.84%

of float

Insider

0.82%

of float

Holders

501

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
6,969,137 sh · $553.4M
17.78%
2.1%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AWR beats expectations and raises guidance, history suggests the stock could see a positive reaction, potentially around a 0.91% increase.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

If AWR misses expectations, history suggests a potential decline of about 0.07%, indicating continued investor skepticism.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investment plans and their expected impact on service reliability.
2Details on customer acquisition strategies and growth metrics.
3Management's outlook on regulatory changes affecting the water utility sector.
4Insights into operational efficiency improvements and cost management.
5Any commentary on competitive pressures and market positioning.