California Water Service Group (NYSE:CWT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$299.6m (up 18% from 3Q 2023).

• Net income: US$60.7m (up 76% from 3Q 2023).

• Profit margin: 20% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.03 (up from US$0.60 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

California Water Service Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for California Water Service Group you should be aware of, and 1 of them is a bit concerning.

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