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

Artesian Resources

05/08/2024 22:00

* Artesian Resources Corp  ARTNA.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 44 cents.  The lone analyst forecast for the
quarter was for earnings of 54 cents per share. 
    * Revenue rose 8.6% to $27.42 million from a year ago;
analysts
expected $27.00 million. 
    * Artesian Resources Corp shares had risen by 11.2% this
quarter and lost 5.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 August 5 at
09:00 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
 Jun. 30 2024      0.54           0.52           Missed
 Mar. 31 2024      0.42           0.43           Beat
 Dec. 31 2023      0.31           0.34           Beat
 Sep. 30 2023      0.48           0.49           Beat