Middlesex Water Co expected to post earnings of 47 cents a share - Earnings Preview

Middlesex Water Co

26/04/2024 12:15

* Middlesex Water Co  MSEX.OQ   MSEX.O  is expected to show
a rise
in quarterly revenue when it reports  results on April 29
(estimated) for the period ending March 31 2024
    * The Iselin New Jersey-based  company is expected to report
a
16.8% increase in revenue to $44.55 million from $38.16 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Middlesex Water Co is
for
earnings of 47 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Middlesex
Water
Co is $61.50​, above​ its last closing price of $48.78. ​​​

This summary was machine generated April 26 at 11:15 GMT.  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)