Essential Utilities Inc reports results for the quarter ended in December - Earnings Summary

Essential Utilities

27/02/2023 13:31

* Essential Utilities Inc  WTRG.N  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 45 cents per share.
    * Revenue rose 31.7% to $705.38 million from a year ago;
analysts
expected $573.22 million. 
    * Essential Utilities Inc's reported EPS for the quarter was
44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Essential Utilities Inc shares had fallen by 7.0% this
quarter.
    * The company reported quarterly net income of $114.93
million.
    * Wall Street's median 12-month price target for Essential
Utilities Inc is $54.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
27 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.45           0.44           Missed
 Sep. 30 2022      0.22           0.26           Beat
 Jun. 30 2022      0.31           0.31           Met
 Mar. 31 2022      0.74           0.76           Beat