SJW Earnings Prediction
The chart below shows how SJW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SJW sees a -0.31% change in stock price 10 days leading up to the earnings, and a +1.11% change 10 days following the report. On the earnings day itself, the stock moves by +0.63%. This data can give you a slight idea of what to expect for the next quarter's release.
SJW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
225.06M
9.87%
27.75%
Gross Margin
75.16%
-0.16%
3.84%
Operating Margin
25.93%
-6.15%
12.59%
Net Margin
17.17%
-2.88%
46.13%
EPS
1.17
3.54%
82.81%
No Data Available
SJW Earnings Analysis
SJW Group Common Stock Corporation (SJW.N) Earnings Conference Call
Positive
Revenue Increase Q3 2024: In Q3 2024, SJW Group reported a revenue of $225.1 million, marking a 10% increase from $204.8 million in Q3 2023.
Quarterly Net Income Increase: Net income for the quarter was $38.7 million, reflecting a 7% increase compared to $36.2 million in the same quarter of 2023.
Earnings Per Share Growth: Diluted earnings per share increased to $1.17, up from $1.13 in 2023, demonstrating growth in profitability.
Year-to-Date Revenue Increase: Year-to-date revenue reached $550.6 million, a 10% increase over $499 million reported in the same period of 2023.
Sustainability Recognition: SJW Group was recognized as one of America's Greenest Companies 2025 by Newsweek, highlighting its commitment to sustainability.
Negative
Quarterly Revenue Increase: In the third quarter of 2024, reported revenue was $225.1 million, a 10% increase from $204.8 million reported in the same quarter of 2023, driven largely by rate increases, including higher pass-through water costs.
Quarterly Net Income Increase: Net income for the quarter was $38.7 million, which was a 7% increase over the $36.2 million reported in the third quarter of 2023.
Earnings Per Share Increase: Diluted earnings per share was $1.17 compared to $1.13 in 2023.
Water Production Expense Increase: Water production expense in the quarter increased 16% compared to 2023, driven primarily by rate increases from our water wholesaler in California and higher production volume.
Operating Expenses Increase: Total other operating expenses increased 8% year-over-year, primarily driven by higher maintenance, administration, and general cost and depreciation.
SJW FAQs
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SJW Earning Call Sentiment
SJW Group (SJW) Q3 2024 Earnings Call Transcript
SJW.N
1.56%Positive
The financial performance shows growth in revenue and net income, but increased expenses and borrowing rates raise concerns. The Q&A highlights potential risks in Texas sales and Maine's tariff consolidation. The acquisition interest in Aquarion adds uncertainty. Strong financial metrics are countered by cautious guidance. The market reaction is likely neutral due to mixed signals and lack of decisive positive catalysts.
