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

Mdu Resources

02/11/2023 14:26

* MDU Resources Group Inc  MDU.N  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
three analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 20 cents to 29
cents per share.
    * Revenue fell 49.4% to $1.00 billion from a year ago;
analysts
expected $1.02 billion. 
    * MDU Resources Group Inc's reported EPS for the quarter was
38
cents​.
    * The company reported quarterly net income of $74.9
million.
    * MDU Resources Group Inc shares had fallen by 4.8% this
quarter and lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.9%
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 3 "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 $24.00 
This summary was machine generated from LSEG data November 2 at
02:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.25           0.38           Beat
 Jun. 30 2023      0.35           0.64           Beat
 Mar. 31 2023      0.20           0.23           Beat
 Dec. 31 2022      0.52           0.57           Beat