Essential Utilities Inc reports results for the quarter ended in September 30 - Earnings Summary
05/11/2024 07:51
* Essential Utilities Inc WTRG.N reported quarterly
adjusted
earnings of 25 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 30 cents. The mean expectation of
eight analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 22 cents to 26
cents per share.
* Revenue rose 5.8% to $435.26 million from a year ago;
analysts
expected $416.91 million.
* Essential Utilities Inc's reported EPS for the quarter was
25
cents.
* The company reported quarterly net income of $69.4
million.
* Essential Utilities Inc shares had risen by 0.2% this
quarter and gained 3.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 11.9%
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 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the water &
related
utilities peer group is also "buy"
Wall Street's median 12-month price target for Essential
Utilities Inc is $45.00
This summary was machine generated from LSEG data November 5 at
07:51 a.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.24 0.25 Beat
Jun. 30 2024 0.30 0.28 Missed
Mar. 31 2024 0.77 0.97 Beat
Dec. 31 2023 0.50 0.50 Met