CWT Stock - California Water Service Group
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.04B | $794.63M | $846.43M | $790.91M | $794.31M |
| Gross Profit | $989.12M | $363.38M | $530.35M | $483.77M | $391.62M |
| Gross Margin | 95.4% | 45.7% | 62.7% | 61.2% | 49.3% |
| Operating Income | $225.05M | $77.14M | $127.66M | $126.77M | $136.67M |
| Net Income | $190.81M | $51.91M | $96.01M | $101.13M | $96.83M |
| Net Margin | 18.4% | 6.5% | 11.3% | 12.8% | 12.2% |
| EPS | $3.26 | $0.91 | $1.77 | $1.96 | $1.97 |
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company 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. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 11th 2025 | Seaport Research Partners | Upgrade | Buy | $54 |
| January 7th 2025 | Wells Fargo | Upgrade | Overweight | $52← $56 |
| December 11th 2024 | BofA Securities | Initiation | Buy | $57 |
| July 31st 2024 | Wells Fargo | Upgrade | Equal Weight | $57← $50 |
| April 4th 2024 | UBS | Upgrade | Neutral | - |
| October 25th 2023 | Wells Fargo | Downgrade | Underweight | $47← $56 |
| July 28th 2023 | Janney | Upgrade | Buy | $66 |
| June 28th 2023 | Wells Fargo | Upgrade | Equal Weight | $56← $58 |
| June 14th 2023 | UBS | Downgrade | Sell | $51← $59 |
Earnings History & Surprises
CWTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $0.35 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.20 | $1.03 | -14.2% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $0.46 | $0.71 | +54.3% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.16 | $0.22 | +37.5% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $0.38 | $0.33 | -13.2% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $1.05 | $1.03 | -1.9% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $0.42 | $0.70 | +66.7% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.50 | $1.21 | +142.0% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $1.24 | $0.52 | -58.1% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $0.74 | $0.60 | -18.9% | ✗ MISS |
Q3 2023 | Jul 27, 2023 | $0.55 | $0.17 | -69.1% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.08 | $-0.40 | -600.0% | ✗ MISS |
Q1 2023 | Mar 1, 2023 | $0.31 | $0.35 | +12.9% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.10 | $1.03 | -6.4% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.57 | $0.36 | -36.8% | ✗ MISS |
Q2 2022 | Apr 28, 2022 | $0.03 | $0.02 | -40.0% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $0.17 | $0.07 | -58.8% | ✗ MISS |
Q4 2021 | Oct 28, 2021 | $0.87 | $1.20 | +37.9% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.43 | $0.75 | +74.4% | ✓ BEAT |
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