California Water Servs Gr Q2 EPS $0.17 Misses $0.55 Estimate, Sales $194.04M Miss $233.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Water Servs Gr (NYSE:CWT) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.55 by 69.09%. This is a 52.78% decrease from the same period last year. The company also reported quarterly sales of $194.04 million, missing the analyst consensus estimate of $233.37 million by 16.85%. This is a 5.89% decrease from the same period last year.
July 27, 2023 | 11:37 am
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California Water Servs Gr's Q2 earnings and sales significantly missed estimates, indicating a potential negative impact on the company's stock.
The company's earnings and sales for Q2 significantly missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100