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

Mdu Resources

02/05/2024 15:08

* MDU Resources Group Inc  MDU.N  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of two analysts
for the quarter was for earnings of 47 cents per share. Wall
Street expected results to range from 43 cents to 50 cents per
share.
    * Revenue fell 30.1% to $1.21 billion from a year ago;
analysts
expected $1.33 billion. 
    * MDU Resources Group Inc's reported EPS for the quarter was
49
cents​.
    * The company reported quarterly net income of $100.9
million.
    * MDU Resources Group Inc shares had fallen by 1.3% this
quarter and gained 25.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "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 May 2 at 02:08
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
 Mar. 31 2024      0.47           0.52           Beat
 Dec. 31 2023      0.49           0.56           Beat
 Sep. 30 2023      0.25           0.38           Beat
 Jun. 30 2023      0.35           0.64           Beat