With its next earnings report set for around Aug. 4, Aris Water Solutions stock is currently about 11% below a 22.10 buy point. The pattern is a second-stage consolidation.
Keep in mind that it's risky to buy any stock just before it reports. You can reduce your risk by waiting to see the actual numbers and the market's reaction. You can also use an options strategy to limit your potential downside.
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In terms of fundamentals, the water infrastructure firm has posted rising EPS growth over the last two quarters. Revenue growth has also increased over the same time frame.
Analysts are looking for earnings growth of 212% for the quarter, and 0% growth for the full year.
Aris Water Solutions stock has a 97 Composite Rating and holds the No. 3 rank among its peers in the Pollution-Control industry group. Aris Water Solutions ClA 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.
