California Water Service Group (CWT) Q4 Earnings Top Estimates

Earnings Performance - California Water Service Group (CWT) reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 120% [1] - The company posted revenues of $222.2 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.86%, compared to year-ago revenues of $214.51 million [2] Stock Performance and Outlook - California Water Service Group shares have increased by approximately 1.4% since the beginning of the year, slightly outperforming the S&P 500's gain of 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $179.52 million, and for the current fiscal year, it is $2.32 on revenues of $934.9 million [7] Industry Context - The Utility - Water Supply industry, to which California Water Service Group belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]