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) is a utility company that provides water and wastewater services to customers in the United States. As a key player in the water utilities sector, it plays a crucial role in ensuring access to clean water, which is increasingly important amid growing environmental concerns and population demands.

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of profitability, and investors will be looking for signs of growth or contraction.

N/A

Revenue

Revenue figures will indicate how well the company is managing its operations and meeting customer demand.

N/A

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 Q1-2026, AWR reported an EPS of $0.76, slightly missing the estimate of $0.77. The stock reacted negatively, declining 0.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for AWR's upcoming earnings are mixed, with no consensus estimates available. Investors are keen to see if the company can improve on its recent performance.

Bull Case

If AWR can report better-than-expected earnings and show strong revenue growth, it may signal a recovery in demand and operational efficiency, boosting investor confidence.

Bear Case

Conversely, if the company misses earnings expectations again, it could raise concerns about its ability to manage costs and maintain profitability, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.76?

This figure is crucial as it will indicate whether the company can recover from its recent earnings miss and regain investor confidence.

What are the revenue figures for this quarter?

Revenue growth is essential for assessing the company's operational health and its ability to meet customer demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's potential for recovery, as recent operational adjustments could lead to improved efficiency and profitability.

Supporting Evidence

The options market is pricing a 4.61% move, indicating higher volatility expectations than historical averages.

AWR's recent earnings history shows a mixed performance, suggesting that the market may be overly cautious.

Key Risk

If AWR's EPS exceeds $0.76, it could challenge the current cautious sentiment and shift investor outlook positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching AWR's ability to rebound from previous earnings misses and demonstrate solid revenue growth.

Bull Confirmed If

AWR reporting an EPS of $0.80 or higher would confirm a positive outlook and suggest recovery in demand.

Bear Confirmed If

An EPS below $0.76 would reinforce concerns about the company's profitability and operational challenges.

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%, suggesting 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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Utilities

n=30

Fade rate: 14 of 30 (47%)

This setup has occurred 30 times across Utilities in the last 2 years. 14 of 30 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.7%, with a raw directional average of -0.8% (modestly negative historical bias).

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, history suggests the stock could rise, confirming a positive trend and potentially leading to further upward revisions.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await more clarity from management commentary.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 0.07% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer demand trends and how they are impacting revenue.
3Management's outlook for the remainder of the fiscal year.
4Insights into cost management strategies.
5Responses to any regulatory changes affecting the utility sector.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of profitability, and investors will be looking for signs of growth or contraction.

N/A

Revenue

Revenue figures will indicate how well the company is managing its operations and meeting customer demand.

N/A

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 Q1-2026, AWR reported an EPS of $0.76, slightly missing the estimate of $0.77. The stock reacted negatively, declining 0.47% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for AWR's upcoming earnings are mixed, with no consensus estimates available. Investors are keen to see if the company can improve on its recent performance.

Bull Case

If AWR can report better-than-expected earnings and show strong revenue growth, it may signal a recovery in demand and operational efficiency, boosting investor confidence.

Bear Case

Conversely, if the company misses earnings expectations again, it could raise concerns about its ability to manage costs and maintain profitability, leading to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AWR's EPS exceed $0.76?

This figure is crucial as it will indicate whether the company can recover from its recent earnings miss and regain investor confidence.

What are the revenue figures for this quarter?

Revenue growth is essential for assessing the company's operational health and its ability to meet customer demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AWR's potential for recovery, as recent operational adjustments could lead to improved efficiency and profitability.

Supporting Evidence

The options market is pricing a 4.61% move, indicating higher volatility expectations than historical averages.

AWR's recent earnings history shows a mixed performance, suggesting that the market may be overly cautious.

Key Risk

If AWR's EPS exceeds $0.76, it could challenge the current cautious sentiment and shift investor outlook positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching AWR's ability to rebound from previous earnings misses and demonstrate solid revenue growth.

Bull Confirmed If

AWR reporting an EPS of $0.80 or higher would confirm a positive outlook and suggest recovery in demand.

Bear Confirmed If

An EPS below $0.76 would reinforce concerns about the company's profitability and operational challenges.

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%, suggesting 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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Utilities

n=30

Fade rate: 14 of 30 (47%)

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, history suggests the stock could rise, confirming a positive trend and potentially leading to further upward revisions.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await more clarity from management commentary.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 0.07% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer demand trends and how they are impacting revenue.
3Management's outlook for the remainder of the fiscal year.
4Insights into cost management strategies.
5Responses to any regulatory changes affecting the utility sector.