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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100