Essential Utilities Inc expected to post earnings of 34  cents a share - Earnings Preview

Essential Utilities

05/08/2023 03:06

* Essential Utilities Inc  WTRG.N   WTRG.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 7. 
    * The Bryn Mawr Pennsylvania-based  company is expected to
report 
a 4.5% increase in revenue to $468.969 million from $448.76
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Essential Utilities
Inc
is for earnings of 34 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Essential
Utilities Inc is $54​, above​ its last closing price of $40.66.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.70        0.71       0.72      Beat    1.9
 Dec. 31 2023  0.45        0.45       0.44      Missed  -1.5
 Sep. 30 2022  0.24        0.22       0.26      Beat    16.9​
 Jun. 30 2022  0.31        0.31       0.31      Met     1.5
 ​​Mar.        0.74        0.74       0.76      Beat    2.1
 31 2022                                                
 Dec. 31 2021  0.44        0.43       0.44      Beat    1.4​
 Sep. 30 2021  0.21        0.21       0.19      Missed  -9
 Jun. 30 2021  0.26        0.25       0.32      Beat    28
 This summary was machine generated August 5 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated