SJW Gr Q1 2024 GAAP EPS $0.36 Misses $0.39 Estimate, Sales $149.382M Beat $140.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
SJW Group (NYSE:SJW) reported Q1 2024 earnings of $0.36 per share, missing the consensus estimate of $0.39 by 7.69%. Year-over-year, earnings decreased by 2.7% from $0.37. Quarterly sales were $149.382M, surpassing the estimate of $140.500M by 6.32%, and marking an 8.80% increase from the previous year.
April 26, 2024 | 6:29 am
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SJW Group reported lower-than-expected Q1 2024 earnings per share but exceeded revenue estimates, indicating mixed financial performance.
The earnings miss may concern investors about profitability, but the revenue beat suggests strong sales performance. The mixed results could lead to neutral short-term stock price movement as investors weigh the implications of both earnings and revenue outcomes.
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