California Water Service Group (NYSE: CWT ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), California Water Service Group missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins dropped, net margins dropped.
California Water Service Group logged revenue of $111.4 million. The three analysts polled by S&P Capital IQ foresaw net sales of $116.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The five earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were -$0.03 for Q1 versus $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.9%, much better than the prior-year quarter. Operating margin was 4.1%, 160 basis points worse than the prior-year quarter. Net margin was -1.0%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $144.3 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $574.5 million. The average EPS estimate is $0.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 225 members out of 236 rating the stock outperform, and 11 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give California Water Service Group a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on California Water Service Group is hold, with an average price target of $20.50.
Looking for alternatives to California Water Service Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add California Water Service Group to My Watchlist.