California Water Servs Gr Q3 2024 GAAP EPS $1.03 Misses $1.09 Estimate, Sales $299.563M Beat $289.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
California Water Services Group (NYSE:CWT) reported Q3 2024 earnings per share of $1.03, missing the consensus estimate of $1.09. However, the company exceeded sales expectations with $299.563 million, a 17.49% increase from the previous year.
October 31, 2024 | 1:03 pm
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California Water Services Group's Q3 2024 earnings per share missed expectations, but sales exceeded forecasts, showing strong year-over-year growth.
The mixed earnings report, with EPS missing but sales beating expectations, suggests a neutral short-term impact on CWT's stock. The sales growth is a positive sign, but the EPS miss could weigh on investor sentiment.
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