California Water Service Group reports results for the quarter ended March 31 - Earnings Summary

• California Water Service Group CWT reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.21. The mean expectation of four analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 13 cents to 16 cents per share.

• Revenue fell 24.7% to $203.97 million from a year ago; analysts expected $215.44 million.

• California Water Service Group's reported EPS for the quarter was 34 cents​.

• California Water Service Group shares had risen by 4.5% this quarter and gained 11.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the water & related utilities peer group is also "strong buy"

• Wall Street's median 12-month price target for California Water Service Group is $55.00

This summary was machine generated from LSEG data May 1 at 02:01 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)