California Water Service Group Full Year 2024 Earnings: Beats Expectations

California Water Service Group (NYSE:CWT) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.04b (up 31% from FY 2023).
• Net income: US$190.8m (up 268% from FY 2023).
• Profit margin: 18% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.26 (up from US$0.91 in FY 2023).

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

California Water Service Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.3% growth forecast for the Water Utilities industry in the US.

Performance of the American Water Utilities industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - California Water Service Group has 3 warning signs (and 1 which is potentially serious) we think you should know about.

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