The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

3 months ago

Version History

1 additional source confirmed this story

Version 13 months ago

What changed: Added specific Q1 profit and revenue figures for American Water Works along with its long-term financial guidance for 2029.

StocksMediumUpdated•Originally published 29 April 2026•Updated 30 April 2026•

1 min read

Mixed Q1 Earnings for US Stocks as Everest Group Beats While MGM Misses

Key Facts

1American Water Works (AWK) reported quarterly earnings of $1.01 per share, missing the estimate of $1.1 per share.

2Everest Group (EG) reported earnings of $16.08 per share, significantly beating the estimate of $14.03 per share.

3MGM Resorts (MGM) reported earnings of $0.49 per share, lagging behind the estimate of $0.56 per share.

The first-quarter earnings season for major US corporations revealed a mixed performance landscape, with American Water Works (AWK) reporting a profit of $196 million, or $1.01 per share, missing the $1.1 estimate despite revenue rising to $1.207 billion. Conversely, Everest Group (EG) delivered a robust performance with earnings of $16.08 per share, significantly outpacing the projected $14.03. In the leisure sector, MGM Resorts posted earnings of $0.49 per share, lagging behind the analyst consensus of $0.56. Looking ahead, American Water Works issued long-term guidance, aiming for revenue to exceed $6 billion and earnings to reach $1.4 billion by 2029. These results highlight varying degrees of operational resilience across the utilities, insurance, and hospitality sectors as investors gauge the overall health of US equities.

Sources:

zacks.com