Equity Profile

SBS

Companhia de Saneamento BÃ¡sico do Estado de SÃ£o Paulo - SABESP

UtilitiesWater Utilities$18.8B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2018After Close9:00 AM EDT

Company Snapshot

Companhia de Saneamento Básico do Estado de São Paulo, known as SABESP, is a major water utility company in Brazil, providing water and sewage services to millions of residents. As a key player in the utilities sector, its performance is closely tied to public health and environmental sustainability, making it an important company in the context of urban infrastructure and resource management.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well SABESP is managing its costs and generating income.

$0.42

Revenue

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

$6.4B

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

SBS Q2-2018 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

+30.05%

Avg Stock Reaction

-2.74%

Last Quarter Recap

In Q1 2018, SABESP reported an EPS of $0.85, which was above expectations, but the stock fell by 5.51% the following day. The market reaction suggests that even positive earnings may not fully satisfy investor expectations.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect SABESP to report an EPS of $0.42 and revenue of $6.4 billion for Q2 2018. The market is watching closely for any signs of growth or challenges in the utility sector.

Bull Case

If SABESP can exceed the consensus EPS and revenue estimates, it may signal strong operational efficiency and demand for its services, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses expectations or provides weak guidance, it could raise concerns about its ability to manage costs and maintain growth in a challenging economic environment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.42

EPS is a critical measure of the company's profitability and will indicate how well SABESP is managing its costs and generating income.

Revenue

$6.4B

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will SABESP's EPS exceed the consensus estimate of $0.42?

A beat on EPS could indicate strong operational performance and potentially drive the stock higher.

What guidance will management provide regarding future revenue growth?

Future revenue guidance will be crucial for assessing the company's growth prospects and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate SABESP's ability to manage costs effectively, given recent operational improvements not fully reflected in analyst models.

Supporting Evidence

SABESP has consistently beaten EPS estimates in recent quarters, suggesting stronger underlying performance.

The options market is pricing in a large move, indicating that investors are expecting significant news that could surprise the market.

Key Risk

If revenue growth comes in below $6.1 billion, it could undermine confidence in the company's operational strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether SABESP can maintain its profitability in a competitive utility landscape, making these thresholds critical.

Bull Confirmed If

An EPS of $0.50 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $0.35 would indicate potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±51.63%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors expect volatility around the earnings report.

Options are pricing ±51.6% while SBS has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

32.8%

Calls (6K)P/C Ratio: 0.05Puts (200)

Edge

Institutional Ownership

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

Mixed flows

Institutional

10.88%

of float

Insider

15.00%

of float

Holders

335

institutions

Top Holders· as of Dec 2025

Impax Asset Management Group plc
7,463,013 sh · $259.0M
1.06%
-11.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If SABESP beats expectations, history suggests the stock could rise by around 1.5%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

A miss on EPS could lead to a decline of around 1.1%, reinforcing concerns about the company's operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Details on customer growth or retention rates in key urban areas.
3Insights into regulatory changes that could affect operations.
4Management's outlook on infrastructure investments and their expected returns.
5Responses to any recent environmental challenges faced by the company.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well SABESP is managing its costs and generating income.

$0.42

Revenue

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

$6.4B

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

SBS Q2-2018 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

+30.05%

Avg Stock Reaction

-2.74%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect SABESP to report an EPS of $0.42 and revenue of $6.4 billion for Q2 2018. The market is watching closely for any signs of growth or challenges in the utility sector.

Bull Case

If SABESP can exceed the consensus EPS and revenue estimates, it may signal strong operational efficiency and demand for its services, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses expectations or provides weak guidance, it could raise concerns about its ability to manage costs and maintain growth in a challenging economic environment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.42

EPS is a critical measure of the company's profitability and will indicate how well SABESP is managing its costs and generating income.

Revenue

$6.4B

Revenue figures will provide insight into the company's overall sales performance and demand for its services.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will SABESP's EPS exceed the consensus estimate of $0.42?

A beat on EPS could indicate strong operational performance and potentially drive the stock higher.

What guidance will management provide regarding future revenue growth?

Future revenue guidance will be crucial for assessing the company's growth prospects and investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate SABESP's ability to manage costs effectively, given recent operational improvements not fully reflected in analyst models.

Supporting Evidence

SABESP has consistently beaten EPS estimates in recent quarters, suggesting stronger underlying performance.

The options market is pricing in a large move, indicating that investors are expecting significant news that could surprise the market.

Key Risk

If revenue growth comes in below $6.1 billion, it could undermine confidence in the company's operational strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether SABESP can maintain its profitability in a competitive utility landscape, making these thresholds critical.

Bull Confirmed If

An EPS of $0.50 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $0.35 would indicate potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±51.63%

Historical Avg

±4.1%

Pricing rich

The options market is pricing in a significant potential move, indicating that investors expect volatility around the earnings report.

Options are pricing ±51.6% while SBS has averaged ±4.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

32.8%

Calls (6K)P/C Ratio: 0.05Puts (200)

Edge

Institutional Ownership

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

Mixed flows

Institutional

10.88%

of float

Insider

15.00%

of float

Holders

335

institutions

Top Holders· as of Dec 2025

Impax Asset Management Group plc
7,463,013 sh · $259.0M
1.06%
-11.8%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If SABESP beats expectations, history suggests the stock could rise by around 1.5%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience a muted reaction, reflecting uncertainty.

Miss

A miss on EPS could lead to a decline of around 1.1%, reinforcing concerns about the company's operational challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Details on customer growth or retention rates in key urban areas.
3Insights into regulatory changes that could affect operations.
4Management's outlook on infrastructure investments and their expected returns.
5Responses to any recent environmental challenges faced by the company.