California Water Service Group (CWT)

CWT Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for CWT stock have an average target of 53.67, with a low estimate of 49 and a high estimate of 57. The average target predicts an increase of 5.07% from the current stock price of 51.08.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$49	$53.67	$55	$57
Change	-4.07%	+5.07%	+7.67%	+11.59%

* Price targets were last updated on Jul 31, 2024.

Analyst Ratings

The average analyst rating for CWT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	1	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jonathan Reeder Wells Fargo	Wells Fargo	Sell → Hold Upgrades $50 → $57	Sell → Hold	Upgrades	$50 → $57	+11.59%	Jul 31, 2024
Ben Kallo Baird	Baird	Buy Maintains $52 → $55	Buy	Maintains	$52 → $55	+7.67%	Apr 26, 2024
Gregg Orrill UBS	UBS	Strong Sell → Hold Upgrades $49	Strong Sell → Hold	Upgrades	$49	-4.07%	Apr 4, 2024
Ben Kallo Baird	Baird	Buy Maintains $56 → $52	Buy	Maintains	$56 → $52	+1.80%	Mar 1, 2024
Michael Gaugler Janney Montgomery Scott	Janney Montgomery Scott	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Jul 28, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

1.06B

Increased by 32.89%

from 794.63M

Revenue Next Year

991.21M

Decreased by -6.14%

from 1.06B

EPS This Year

3.36

Increased by 269.04%

from 0.91

EPS Next Year

2.33

Decreased by -30.68%

from 3.36

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	714.56M	794.31M	790.91M	846.43M	794.63M	1.06B	991.21M	1.04B
Revenue Growth	2.34%	11.16%	-0.43%	7.02%	-6.12%	32.89%	-6.14%	4.92%
EPS	1.31	1.97	1.96	1.77	0.91	3.36	2.33	2.44
EPS Growth	-3.68%	50.01%	-0.34%	-9.75%	-48.52%	269.04%	-30.68%	4.77%
Forward PE	-	-	-	-	-	15.21	21.94	20.94
No. Analysts	-	-	-	-	-	5	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.1B	1.1B	1.1B
Avg	1.1B	991.2M	1.0B
Low	1.0B	939.8M	999.6M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	38.8%	-0.2%	10.2%
Avg	32.9%	-6.1%	4.9%
Low	28.5%	-11.0%	0.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.52	2.43	2.58
Avg	3.36	2.33	2.44
Low	3.23	2.25	2.32

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	286.5%	-27.8%	11.0%
Avg	269.0%	-30.7%	4.8%
Low	255.4%	-32.9%	-0.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.