California Water Service Group Holding (NYSE:CWT) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CWT to report 3Q20 income of $ 1.11 per share.
For the full year, analysts anticipate top line of $ 758.74 million, while looking forward to income of $ 1.48 per share bottom line.
Previous Quarter Performance
California Water Service Group Holding unveiled income for the second quarter of $ 0.11 per share, from the revenue of $ 175.48 million. The quarterly earnings down 68.57 percent while revenues declined 2.64 percent compared with the same quarter last year.
Street analysts expected California Water Service Group Holding to report income of $ 0.59 per share on revenue of $ 228.74 million for the second quarter. The bottom line results missed street analysts by $ 0.48 or 81.36 percent, at the same time, top line results fell short of analysts by $ 53.26 million or 23.28 percent.
Stock Performance
Shares of California Water Service Group Holding traded up $ 0.53 or 1.17 percent on Thursday, reaching $ 46.01 with volume of 125.50 thousand shares. California Water Service Group Holding has traded high as $ 46.83 and has cracked $ 45.45 on the downward trend
According to the previous trading day, closing price of $ 46.01, representing a 14.44 % increase from the 52 week low of $ 39.74 and a 20.71 % decrease over the 52 week high of $ 57.36.
The company has a market capital of $ 2.27 billion and is part of the Utilities sector and Utilities – Regulated Water industry.
Conference Call
California Water Service Group Holding will be hosting a conference call at 2:00 PM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.calwatergroup.com
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 486,900 customer connections in 100 California communities; approximately 4,800 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 17,600 customer connections in the Tacoma and Olympia areas in Washington; and approximately 8,200 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico.
