Middlesex Water Co reports results for the quarter ended in December - Earnings Summary

Middlesex Water Co

24/02/2023 22:14

* Middlesex Water Co  MSEX.OQ  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 54 cents per share.
    * Revenue rose 14.1% to $38.82 million from a year ago;
analysts
expected $41.45 million. 
    * Middlesex Water Co's reported EPS for the quarter was 40
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Middlesex Water Co shares had risen by 7.1% this quarter.
    * The company reported quarterly net income of $7.14
million.
    * Wall Street's median 12-month price target for Middlesex
Water
Co is $97.00 
    * 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." 

This summary was machine generated from Refinitiv data February
24 at 10:14 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.54           0.40           Missed
 Sep. 30 2022      0.88           0.80           Missed
 Jun. 30 2022      0.71           0.50           Missed
 Mar. 31 2022      0.52           0.68           Beat