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

Middlesex Water Co

29/07/2022 21:36

* Middlesex Water Co  MSEX.OQ  reported quarterly adjusted
earnings of 50 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 71 cents per share.
    * Revenue rose 8.1% to $39.68 million from a year ago;
analysts
expected $41.00 million. 
    * Middlesex Water Co's reported EPS for the quarter was 50
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 8.7% this
quarter and
lost 20.8% so far this year.
    * The company reported quarterly net income of $8.84
million.
    * Wall Street's median 12-month price target for Middlesex
Water
Co is $101.00 
    * 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 July 29
at 08:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.71           0.50           Missed
 Mar. 31 2022      0.52           0.68           Beat
 Dec. 31 2021      0.52           0.41           Missed
 Sep. 30 2021      0.80           0.65           Missed