MDU Resources Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Mdu Resources

07/11/2024 17:20

* MDU Resources Group Inc  MDU.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 38 cents.  The mean expectation of
three analysts for the quarter was for earnings of 26 cents per
share. Wall Street expected results to range from 7 cents to 35
cents per share.
    * Revenue rose 5% to $1.05 billion from a year ago; analysts
expected $1.00 billion. 
    * MDU Resources Group Inc's reported EPS for the quarter was
32
cents​.
    * MDU Resources Group Inc shares had risen by 11.7% this
quarter and gained 54.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.8%
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
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," 1 "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is  "buy."

Wall Street's median 12-month price target for MDU Resources
Group Inc is $17.00 
This summary was machine generated from LSEG data November 7 at
05:19 p.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      0.26           0.32           Beat
 Jun. 30 2024      0.22           0.32           Beat
 Mar. 31 2024      0.47           0.52           Beat
 Dec. 31 2023      0.49           0.56           Beat