California Water Service (NYSE:CWT) reported its Q3 earnings results on Thursday, October 28, 2021 at 09:00 AM.
Here’s what investors need to know about the announcement.
Earnings
California Water Service beat their estimated earnings by 39.53%, reporting an EPS of $1.2 versus an estimate of $0.86, which surprised analysts.
Revenue was up $47,385,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.32, which was followed by a 0.1% drop in the share price the next day.
Here’s a look at California Water Service’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.43 | -0.02 | 0.50 | 1.11 |
| EPS Actual | 0.75 | -0.06 | 0.31 | 1.94 |
| Revenue Estimate | 202.09M | 69.67M | 172.91M | 286.60M |
| Revenue Actual | 213.12M | 147.74M | 189.15M | 304.11M |
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