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

Artesian Resources

13/03/2024 22:32

* Artesian Resources Corp  ARTNA.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 24 cents.  The lone analyst forecast for
the quarter was for earnings of 31 cents per share. 
    * Revenue fell 2.3% to $24.55 million from a year ago;
analysts
expected $26.00 million. 
    * Artesian Resources Corp's reported EPS for the quarter was
34
cents​.
    * Artesian Resources Corp shares had fallen by 12.5% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the water &
related
utilities peer group is also "strong buy"

Wall Street's median 12-month price target for Artesian
Resources Corp is $52.00 
This summary was machine generated from LSEG data March 13 at
10:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.31           0.34           Beat
 Sep. 30 2023      0.48           0.49           Beat
 Jun. 30 2023      0.37           0.44           Beat
 Mar. 31 2023      0.50           0.39           Missed