Chesapeake Utilities Corp reports results for the quarter ended in December - Earnings Summary

Chesapeake Utilities

23/02/2024 03:11

* Chesapeake Utilities Corp  CPK.N  reported quarterly
adjusted
earnings of $1.26​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.47.  The mean expectation of seven analysts for the
quarter was for earnings of $1.56 per share. Wall Street
expected results to range from $1.19  to $1.74 per share.
    * Revenue fell 1% to $185.34 million from a year ago;
analysts
expected $234.60 million. 
    * Chesapeake Utilities Corp's reported EPS for the quarter
was
$1.26​.
    * The company reported quarterly net income of $25.33
million.
    * Chesapeake Utilities Corp shares had fallen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for Chesapeake
Utilities Corp is $125.00 
This summary was machine generated from LSEG data February 23 at
03:11 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
 Dec. 31 2023      1.56           1.26           Missed
 Sep. 30 2023      0.63           0.53           Missed
 Jun. 30 2023      0.96           0.90           Missed
 Mar. 31 2023      2.11           2.04           Missed