PIMCO California Municipal Income Fund III Past Earnings Performance
Past criteria checks 2/6
PIMCO California Municipal Income Fund III's earnings have been declining at an average annual rate of -45.5%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 6.7% per year. PIMCO California Municipal Income Fund III's return on equity is 6.5%, and it has net margins of 90.1%.
Key information
-45.5%
Earnings growth rate
-46.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -6.7% |
| Return on equity | 6.5% |
| Net Margin | 90.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
PIMCO California Municipal Income Fund III declares $0.0295 dividend
Feb 09PZC: I Would Expect Modest Gains For This California Muni Fund
Jan 27PIMCO California Municipal Income Fund III declares $0.038 dividend
Dec 08PIMCO California Municipal Income Fund III declares $0.038 dividend
Nov 04PIMCO California Municipal Income Fund III declares $0.038 dividend
Oct 03PIMCO California Municipal Income Fund III declares $0.038 dividend
Sep 02PIMCO California Municipal Income Fund III declares $0.038 dividend
Aug 02PIMCO California Municipal Income Fund III goes ex-dividend tomorrow
Jul 07PIMCO California Municipal Income Fund III declares $0.038 dividend
May 07PIMCO California Municipal Income Fund III declares $0.038 dividend
Jan 04PIMCO California Municipal Income Fund III declares $0.038 dividend
Dec 02PIMCO California Municipal Income Fund III declares $0.038 dividend
Nov 04Revenue & Expenses BreakdownBeta
How PIMCO California Municipal Income Fund III 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 |
|---|---|---|---|---|
| 31 Dec 23 | 13 | 12 | 2 | 0 |
| 31 Dec 22 | 14 | -46 | 2 | 0 |
| 30 Sep 22 | 14 | -43 | 3 | 0 |
| 30 Jun 22 | 15 | -41 | 3 | 0 |
| 31 Mar 22 | 15 | -16 | 3 | 0 |
| 31 Dec 21 | 15 | 8 | 3 | 0 |
| 30 Sep 21 | 15 | 14 | 3 | 0 |
| 30 Jun 21 | 15 | 19 | 3 | 0 |
| 31 Mar 21 | 15 | 16 | 3 | 0 |
| 31 Dec 20 | 15 | 13 | 3 | 0 |
| 30 Sep 20 | 16 | 11 | 3 | 0 |
| 30 Jun 20 | 16 | 9 | 3 | 0 |
| 31 Mar 20 | 17 | 18 | 3 | 0 |
| 31 Dec 19 | 17 | 28 | 3 | 0 |
| 30 Sep 19 | 17 | 22 | 3 | 0 |
| 30 Jun 19 | 17 | 16 | 3 | 0 |
| 31 Mar 19 | 18 | 6 | 3 | 0 |
| 31 Dec 18 | 19 | -4 | 3 | 0 |
| 30 Sep 18 | 19 | 2 | 3 | 0 |
| 30 Jun 18 | 19 | 7 | 3 | 0 |
| 31 Mar 18 | 19 | 14 | 3 | 0 |
| 31 Dec 17 | 18 | 21 | 3 | 0 |
| 30 Sep 17 | 18 | 9 | 3 | 0 |
| 30 Jun 17 | 18 | -4 | 3 | 0 |
| 31 Mar 17 | 18 | -1 | 3 | 0 |
| 31 Dec 16 | 18 | 2 | 3 | 0 |
| 31 Dec 15 | 18 | 36 | 3 | 0 |
| 30 Sep 15 | 18 | 17 | 3 | 0 |
| 30 Jun 15 | 18 | 25 | 3 | 0 |
| 31 Mar 15 | 18 | 32 | 3 | 0 |
| 31 Dec 14 | 18 | 34 | 3 | 0 |
| 30 Sep 14 | 18 | 37 | 3 | 0 |
| 30 Jun 14 | 18 | 18 | 3 | 0 |
| 31 Mar 14 | 18 | 0 | 3 | 0 |
| 31 Dec 13 | 19 | -5 | 3 | 0 |
| 30 Sep 13 | 20 | -9 | 3 | 0 |
| 30 Jun 13 | 21 | 8 | 3 | 0 |
Quality Earnings: PZC has a large one-off gain of $8.3M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: PZC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PZC has become profitable over the past 5 years, growing earnings by -45.5% per year.
Accelerating Growth: PZC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PZC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: PZC's Return on Equity (6.5%) is considered low.