California Water Servs Gr Q3 EPS $0.60 Misses $0.73 Estimate, Sales $254.98M Beat $245.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Water Servs Gr (NYSE:CWT) reported Q3 earnings of $0.60 per share, missing the analyst consensus estimate of $0.73 by 17.81%. This is a 41.75% decrease from the same period last year. However, the company reported quarterly sales of $254.98 million, beating the analyst consensus estimate of $245.70 million by 3.78%, but still a 4.25% decrease from last year.
October 26, 2023 | 1:01 pm
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California Water Servs Gr's Q3 earnings missed estimates by 17.81% and decreased 41.75% YoY. Sales beat estimates but decreased 4.25% YoY.
The company's earnings missed the analyst consensus, which is a negative signal to investors. Additionally, both earnings and sales decreased compared to the same period last year, which could further negatively impact the stock price.
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RELEVANCE 100