California Water Service Group (CWT)
(Delayed Data from NYSE)
$52.99 USD
-0.06 (-0.11%)
Updated Aug 6, 2024 04:00 PM ET
After-Market: $52.99 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
D Value D Growth C Momentum D VGM
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$52.99 USD
-0.06 (-0.11%)
Updated Aug 6, 2024 04:00 PM ET
After-Market: $52.99 0.00 (0.00%) 7:58 PM ET
2-Buy of 5 2
D Value D Growth C Momentum D VGM
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California Water (CWT) Q2 Earnings & Revenues Beat Estimates
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California Water's (CWT) second-quarter 2024 earnings and revenues increase year over year. CWT continues to benefit from the 2021 General Rate Case decision.
California Water Service Group (CWT) Q2 Earnings and Revenues Surpass Estimates
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California Water Service Group (CWT) delivered earnings and revenue surprises of 79.49% and 21.97%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
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California Water's (CWT) Q2 results are likely to gain from the implementation of new water rates in its service territories. However, higher water production expenses, and increased depreciation and amortization expenses are likely to have hurt its earnings.
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California Water Service (CWT) unit Cal Water, files for a rate hike. The unit plans to invest $1.6 billion in infrastructure during the 2025-2027 period.
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California Water (CWT) makes a strong case for investment, given its growth prospects, strong ROE, debt management and ability to increase shareholder value.
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