Recap: California Water Servs Gr Q4 Earnings
Portfolio Pulse from Benzinga Insights
California Water Servs Gr (NYSE:CWT) reported Q4 earnings with an EPS of $0.52, missing estimates by -58%, and revenue increased by $13.57 million year-over-year. Despite past earnings misses, share price reactions have been minimal.
February 29, 2024 | 2:05 pm
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NEGATIVE IMPACT
California Water Servs Gr reported a significant miss in Q4 earnings with an EPS of $0.52 against an estimate of $1.24, but saw an increase in revenue by $13.57 million from the previous year.
The significant miss in earnings estimates for CWT is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. Historical data suggests minimal share price movement following earnings misses, but the magnitude of this miss could lead to a more pronounced reaction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100