Evoqua Water Tech (AQUA) stock is forming a base with a 49.48 buy point with its next quarterly EPS report expected on May 3. The entry is based on a second-stage consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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Be aware that jumping into a stock right as it gets ready to report means you likely won't have enough time to build a profit cushion before the release. That leaves you exposed to a sudden and perhaps sharp drop if the company doesn't deliver the type of numbers analysts were expecting. You can minimize your risk by waiting to see how the company reports and how the market reacts.
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Sees Rising Earnings Growth
In terms of top and bottom line numbers, the water treatment firm has posted three quarters of increasing earnings growth. Revenue growth has also increased over the same time frame.
Analysts are looking for earnings growth of 46% for the quarter, and 32% growth for the full year.
Evoqua Water Tech has a 91 Composite Rating and holds the No. 4 rank among its peers in the Pollution-Control industry group. Clean Harbors (CLH) is the No. 1-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
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The post Evoqua Water Tech Stock Near Buy Zone With EPS Due appeared first on Investor's Business Daily.
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