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

Essential Utilities

08/05/2023 23:33

* Essential Utilities Inc  WTRG.N  reported quarterly
adjusted
earnings of 72 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 71 cents per share.
    * Revenue rose 3.9% to $726.45 million from a year ago;
analysts
expected $682.87 million. 
    * Essential Utilities Inc's reported EPS for the quarter was
72
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Essential Utilities Inc shares had fallen by 1.3% this
quarter and lost 9.8% so far this year.
    * The company reported quarterly net income of $191.43
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 LSEG Refinitiv data May
8 at 10:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.71           0.72           Beat
 Dec. 31 2022      0.45           0.44           Missed
 Sep. 30 2022      0.22           0.26           Beat
 Jun. 30 2022      0.31           0.31           Met