What's the outlook for MSEX's future earnings?

**Middlesex Water's (MSEX) future earnings outlook appears positive**, considering the following points:

1. **Consistent Growth Trend**: MSEX has demonstrated a consistent growth trend in its earnings. The company's net income increased by 82.1% in Q1 2024, reaching $10.7 million, up from $5.9 million in the same quarter of the previous year. This significant increase indicates a strong financial performance and a positive business trajectory.
2. **Revenue Growth**: The company's revenues also showed a positive trend, reaching $40.5 million in Q1 2024, up from $38.2 million in the corresponding quarter of the previous year. This increase, although more modest than the net income growth, still reflects a healthy business operation and market demand for its services.
3. **Earnings Per Share (EPS) Increase**: The diluted EPS for Q1 2024 was $0.59, marking a 78.8% increase from the $0.33 reported in the same quarter of the previous year. This substantial increase in EPS indicates that not only is the company generating more revenue, but it is also improving its profitability.
4. **Future Estimates**: The estimated EPS for MSEX in Fiscal 2025Q1 is $0.5, which, while slightly lower than the recent past, is still indicative of a healthy earnings potential. The estimated revenue for the same period is $42 million, suggesting a continued focus on revenue growth.
5. **Market Confidence**: The fact that Virtu Financial LLC acquired 3,364 shares of MSEX in June 2024 could be seen as a vote of confidence from a significant investor. This acquisition might not directly impact the earnings but can influence market perception and potentially lead to increased investor confidence, which could positively affect the stock's performance and future earnings.

In conclusion, Middlesex Water's strong historical performance, coupled with positive future estimates and recent strategic developments, points to a favorable outlook for its future earnings.