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

Chesapeake Utilities

02/11/2023 23:24

* Chesapeake Utilities Corp  CPK.N  reported quarterly
adjusted
earnings of 53 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 54 cents.  The mean expectation of
six analysts for the quarter was for earnings of 63 cents per
share. Wall Street expected results to range from 60 cents to 69
cents per share.
    * Revenue rose 0.4% to $131.55 million from a year ago;
analysts
expected $143.17 million. 
    * Chesapeake Utilities Corp's reported EPS for the quarter
was 53
cents​.
    * The company reported quarterly net income of $9.41
million.
    * Chesapeake Utilities Corp shares had fallen by 8.7% this
quarter and lost 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "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 $122.00 
This summary was machine generated from LSEG data November 2 at
11:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.44           1.47           Beat