California Water Servs Gr Q1 EPS $1.21 Beats $0.36 Estimate, Sales $270.75M Beat $183.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Water Services Group (CWT) reported Q1 earnings of $1.21 per share, surpassing the $0.36 estimate, marking a 402.5% increase from last year's losses. Sales reached $270.75M, beating the $183.85M estimate, a 106.52% increase from the previous year.
April 25, 2024 | 11:48 am
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CWT reported a significant beat on Q1 earnings and sales, with earnings per share at $1.21 and sales at $270.75M, far exceeding estimates.
CWT's substantial outperformance in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year growth, suggests a strong operational performance and potential positive investor sentiment, likely leading to a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100