California Water Service Group (NYSE: CWT) has reported E.P.S. of $0.52 for its fourth fiscal quarter (ending December 31) versus $0.36 for the same period a year ago — an increase of 44%. Relative to the consensus estimate of $1.53, this was a shortfall of $-1.01. For the latest four quarters through December 31, E.P.S. were $0.91 compared to $1.77 a year ago — a decline of -49%.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $45.89 on 2/29/24 after a slight decline of -0.07%. Moreover, unusually high trading volume at 152% of normal accompanied the decline. The stock has declined -3.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CWT is expected to continue to be a Value Builder.
California Water Service Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. California Water Service Group has a neutral Appreciation Score of 46 and a neutral Power Rating of 46, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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