Artesian Resources Corp reports results for the quarter ended in December - Earnings Summary

Artesian Resources

10/03/2023 24:06

* Artesian Resources Corp  ARTNA.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in
December. The lone analyst forecast for the quarter was
for earnings of 27 cents per share.
    * Revenue rose 11.3% to $25.12 million from a year ago;
analysts
expected $23.00 million. 
    * Artesian Resources Corp's reported EPS for the quarter was
24
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Artesian Resources Corp shares had fallen by 6.0% this
quarter.
    * The company reported quarterly net income of $2.33
million.
    * Wall Street's median 12-month price target for Artesian
Resources Corp is $61.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 10 at 12:06 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.27           0.24           Missed
 Sep. 30 2022      0.58           0.65           Beat
 Jun. 30 2022      0.50           0.53           Beat
 Mar. 31 2022      0.49           0.47           Missed