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

Essential Utilities

07/11/2022 14:32

* Essential Utilities Inc  WTRG.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 22 cents per share.
    * Revenue rose 20.1% to $434.62 million from a year ago;
analysts
expected $391.36 million. 
    * Essential Utilities Inc's reported EPS for the quarter was
26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Essential Utilities Inc shares had risen by 6.8% this
quarter and lost 17.7% so far this year.
    * The company reported quarterly net income of $68.64
million.
    * Wall Street's median 12-month price target for Essential
Utilities Inc is $51.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
7 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.43           0.44           Beat