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Stock impact report

California Water (CWT) Q4 Earnings & Revenues Miss Estimates [Yahoo! Finance]

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: Yahoo! Finance
California Water Service Group CWT recorded a fourth-quarter 2023 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate of $1.50 by 65.3%. The bottom line, however, increased from the year-ago quarter's figure of 35 cents. Full-year 2023 earnings came in at 91 cents per share, down 48.6% from the previous year's $1.77. Total Revenues Operating revenues totaled $214.5 million, which missed the Zacks Consensus Estimate of $278 million by 22.8%. The top line, however, increased 6.7% from $201 million recorded in the prior-year quarter. The year-over-year increase was due to the implementation of new rates and higher customer usage. Full-year revenues came in at $794.6 million, down 6.1% from last year's $846.4 million. California Water Service Group Price, Consensus and EPS Surprise California Water Service Group price-consensus-eps-surprise-chart | California Water Service Group Quote Operational Update California Water's total operating exp Show less Read more
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