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

Essential Utilities

08/08/2023 24:14

* Essential Utilities Inc  WTRG.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue fell 2.7% to $436.70 million from a year ago;
analysts
expected $468.97 million. 
    * Essential Utilities Inc's reported EPS for the quarter was
34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Essential Utilities Inc shares had risen by 1.9% this
quarter and lost 14.8% so far this year.
    * The company reported quarterly net income of $91.27
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 7 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 11:14 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.34           0.34           Met
 Mar. 31 2023      0.71           0.72           Beat
 Dec. 31 2022      0.45           0.44           Missed
 Sep. 30 2022      0.22           0.26           Beat