* California Water Service Group reported quarterly adjusted earnings of $1.03 per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of three analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from 95 cents to $1.10 per share.
* Revenue rose 17.5% to $299.56 million from a year ago; analysts expected $289.55 million.
* California Water Service Group's reported EPS for the quarter was $1.03.
* The company reported quarterly net income of $60.68 million.
* California Water Service Group shares had fallen by 5.4% this quarter and lost 1.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the water & related utilities peer group is also "buy"
Wall Street's median 12-month price target for California Water Service Group is 59.00 This summary was machine generated from LSEG data November 1 at 03:36 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.05 1.03 Missed
Jun. 30 2024 0.42 0.70 Beat
Mar. 31 2024 0.50 1.21 Beat
Dec. 31 2023 1.24 0.52 Missed
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