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

Mdu Resources

08/08/2024 15:29

* MDU Resources Group Inc  MDU.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 64 cents.  The mean expectation of two analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 22 cents to 22 cents per share.
    * Revenue fell 4% to $1.05 billion from a year ago; analysts
expected $1.06 billion. 
    * MDU Resources Group Inc's reported EPS for the quarter was
30
cents​.
    * MDU Resources Group Inc shares had risen by 1.3% this
quarter and gained 28.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $26.50 
This summary was machine generated from LSEG data August 8 at
02:29 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
 Jun. 30 2024      0.22           0.32           Beat
 Mar. 31 2024      0.47           0.52           Beat
 Dec. 31 2023      0.49           0.56           Beat
 Sep. 30 2023      0.25           0.38           Beat