California Water Service Group reports results for the quarter ended in March - Earnings Summary

• California Water Service Group CWT reported quarterly adjusted earnings of $1.21​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -40 cents. The mean expectation of five analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 5 cents to $1.05 per share.

• Revenue rose 106.5% to $270.75 million from a year ago; analysts expected $183.85 million.

• California Water Service Group's reported EPS for the quarter was $1.21​.

• The company reported quarterly net income of $69.92 million.

• California Water Service Group shares had risen by 0.2% this quarter and lost 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the water & related utilities peer group is also "buy"

Wall Street's median 12-month price target for California Water Service Group is $50.50

This summary was machine generated from LSEG data April 25 at 05:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)