Nuveen California AMT-Free Quality Municipal Income Fund Past Earnings Performance
Past criteria checks 1/6
Nuveen California AMT-Free Quality Municipal Income Fund's earnings have been declining at an average annual rate of -50.5%, while the Capital Markets industry saw earnings growing at 8.9% annually. Revenues have been declining at an average rate of 2.2% per year. Nuveen California AMT-Free Quality Municipal Income Fund's return on equity is 6.4%, and it has net margins of 86.8%.
Key information
-50.5%
Earnings growth rate
-50.5%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -2.2% |
| Return on equity | 6.4% |
| Net Margin | 86.8% |
| Last Earnings Update | 29 Feb 2024 |
Recent past performance updates
No updates
Recent updates
Nuveen California AMT-Free Municipal Income Fund declares $0.0415 dividend
Feb 07Nuveen California AMT-Free Municipal Income Fund dividend declines by 11.7% to $0.0415
Jan 11Nuveen California AMT-Free Municipal Income Fund declares $0.047 dividend
Dec 06Nuveen California AMT-Free Municipal Income Fund declares $0.047 dividend
Nov 04Nuveen California AMT-Free Municipal Income Fund reduces dividend by 9.6%
Oct 06Nuveen California AMT-Free Municipal Income Fund declares $0.052 dividend
Aug 08NKX Vs. PCQ: Comparing CA-Only Muni CEFs
Jul 15Nuveen California AMT-Free Municipal Income Fund dips dividend -8% to $0.052/share
Jul 06Nuveen California AMT-Free Municipal Income Fund declares $0.0545 dividend
May 10Nuveen California AMT-Free Municipal Income Fund declares $0.0545 dividend
Jan 05Nuveen California AMT-Free Municipal Income Fund declares $0.0545 dividend
Dec 02Revenue & Expenses BreakdownBeta
How Nuveen California AMT-Free Quality Municipal Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Feb 24 | 47 | 40 | 9 | 0 |
| 31 Aug 22 | 44 | -123 | 10 | 0 |
| 31 May 22 | 44 | -66 | 11 | 0 |
| 28 Feb 22 | 44 | -8 | 11 | 0 |
| 30 Nov 21 | 45 | 16 | 11 | 0 |
| 31 Aug 21 | 45 | 41 | 11 | 0 |
| 31 May 21 | 45 | 17 | 11 | 0 |
| 28 Feb 21 | 45 | -7 | 11 | 0 |
| 30 Nov 20 | 46 | 10 | 10 | 0 |
| 31 Aug 20 | 46 | 28 | 10 | 0 |
| 31 May 20 | 47 | 78 | 10 | 0 |
| 29 Feb 20 | 48 | 129 | 10 | 0 |
| 30 Nov 19 | 48 | 113 | 10 | 0 |
| 31 Aug 19 | 49 | 96 | 10 | 0 |
| 31 May 19 | 49 | 61 | 11 | 0 |
| 28 Feb 19 | 49 | 26 | 11 | 0 |
| 30 Nov 18 | 50 | 15 | 11 | 0 |
| 31 Aug 18 | 50 | 4 | 11 | 0 |
| 31 May 18 | 51 | 18 | 11 | 0 |
| 28 Feb 18 | 51 | 33 | 11 | 0 |
| 30 Nov 17 | 51 | 14 | 11 | 0 |
| 31 Aug 17 | 52 | -4 | 11 | 0 |
| 31 May 17 | 51 | -1 | 11 | 0 |
| 28 Feb 17 | 50 | 2 | 11 | 0 |
| 30 Nov 16 | 50 | 50 | 11 | 0 |
| 31 Aug 16 | 50 | 99 | 11 | 0 |
| 31 May 16 | 50 | 75 | 10 | 0 |
| 29 Feb 16 | 50 | 52 | 10 | 0 |
| 30 Nov 15 | 51 | 47 | 10 | 0 |
| 31 Aug 15 | 52 | 42 | 11 | 0 |
| 31 May 15 | 51 | 73 | 10 | 0 |
| 28 Feb 15 | 51 | 105 | 10 | 0 |
| 30 Nov 14 | 49 | 122 | 10 | 0 |
| 31 Aug 14 | 47 | 140 | 9 | 0 |
| 31 May 14 | 46 | 66 | 9 | 0 |
| 28 Feb 14 | 45 | -9 | 9 | 0 |
| 30 Nov 13 | 45 | -30 | 9 | 0 |
| 31 Aug 13 | 45 | -51 | 9 | 0 |
| 31 May 13 | 42 | 2 | 9 | 0 |
Quality Earnings: NKX has a large one-off gain of $18.6M impacting its last 12 months of financial results to 29th February, 2024.
Growing Profit Margin: NKX became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NKX's earnings have declined by 50.5% per year over the past 5 years.
Accelerating Growth: NKX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NKX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (6.1%).
Return on Equity
High ROE: NKX's Return on Equity (6.4%) is considered low.