California Water Service Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-01 18:43

California Water Service Group (NYSE:CWT) Third Quarter 2024 Results Key Financial Results Revenue: US$299.6m (up 18% from 3Q 2023). Net income: US$60.7m (up 76% from 3Q 2023). Profit margin: 20% (up...

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The increase in margin was driven by higher revenue.NYSE:CWT Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 3.5%. Earnings per share  missed analyst estimates by 1.6%.Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US.The company's share price is broadly unchanged from a week ago.You should always think about risks. Case in point, we've spotted   3 warning signs for California Water Service Group  you should be aware of, and 1 of them is a bit concerning.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CWT":"California Water Service Group"},"translate_title":"加州水务集团2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CWT":1},"content_text":"California Water Service Group (NYSE:CWT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$299.6m (up 18% from 3Q 2023).\nNet income: US$60.7m (up 76% from 3Q 2023).\nProfit margin: 20% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.\nEPS: US$1.03 (up from US$0.60 in 3Q 2023).\n\n\n\n\n  NYSE:CWT Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCalifornia Water Service Group Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. \n Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US. \nPerformance of the American Water Utilities industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   3 warning signs for California Water Service Group  you should be aware of, and 1 of them is a bit concerning. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480759001"}