Consolidated Water Co. Ltd. CWCO reported third-quarter 2019 earnings of 11 cents per share, lagging the Zacks Consensus Estimate of 16 cents. The bottom line also declined 31.3% from the year-ago earnings of 16 cents.Total RevenuesThe company’s total revenues in third-quarter 2019 came in at $15.9 million, down 12.1% from the year-ago figure of $18.1 million. Total revenues also missed the Zacks Consensus Estimate of $18 million by 11.7%.The year-over-year decline can be attributed to lower contribution from all segments, except the retail segment.Consolidated Water Co. Ltd. Price, Consensus and EPS Surprise Consolidated Water Co. Ltd. price-consensus-eps-surprise-chart | Consolidated Water Co. Ltd. QuoteSegment DetailsRetail revenues in third-quarter 2019 increased nearly 0.5% year over year to $6.27 million.Bulk revenues came in at $6.5 million in third-quarter 2019, down 16.7% from the prior-year figure.Manufacturing revenues amounted to nearly $3.1 million, down 5.7% year over year.Services revenues of $0.01 million were down 98.8% from the year-ago level.Highlights of the ReleaseIn third-quarter 2019, total cost of revenues increased 15.6% year over year to $9.2 million.General and administrative expenses decreased 7.1% from the year-ago quarter to $6.7 million.As of Sep 30, 2019, Consolidated Water’s cash and cash equivalents totaled $41.9 million, up from $31.3 million on Dec 31, 2018.Zacks RankCurrently, Consolidated Water carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesHere are some other players from the water utility space that have reported third-quarter earnings. American Water Works AWK and Aqua America, Inc. WTR beat the Zacks Consensus Estimate by 3.1%, and 11.6%, respectively. However, American States Water Company AWR lagged earnings estimates by 4.2%.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Consolidated Water Co. Ltd. (CWCO): Free Stock Analysis Report American States Water Company (AWR): Free Stock Analysis Report American Water Works Company, Inc. (AWK): Free Stock Analysis Report Aqua America, Inc. (WTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research