Artesian Resources Corp reports results for the quarter ended in September 30 - Earnings Summary

Artesian Resources

05/11/2024 07:51

* Artesian Resources Corp  ARTNA.OQ  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 49 cents.  The lone analyst forecast for the
quarter was for earnings of 61 cents per share. 
    * Revenue rose 9.7% to $29.14 million from a year ago;
analysts
expected $29.00 million. 
    * Artesian Resources Corp's reported EPS for the quarter was
66
cents​.
    * Artesian Resources Corp shares had fallen by 10.5% this
quarter and lost 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.2%
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"

This summary was machine generated from LSEG data November 5 at
07:50 a.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
 Sep. 30 2024      0.61           0.66           Beat
 Jun. 30 2024      0.54           0.52           Missed
 Mar. 31 2024      0.42           0.43           Beat
 Dec. 31 2023      0.31           0.34           Beat