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

Middlesex Water Co

31/07/2024 23:53

* Middlesex Water Co  MSEX.OQ  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 55 cents.  The mean expectation of two analysts
for the quarter was for earnings of 64 cents per share. 
    * Revenue rose 14.8% to $49.15 million from a year ago;
analysts
expected $49.40 million. 
    * Middlesex Water Co's reported EPS for the quarter was 59
cents​.
    * Middlesex Water Co shares had risen by 26.5% this
quarter and
gained 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the water &
related
utilities peer group is also "strong buy"

Wall Street's median 12-month price target for Middlesex Water
Co is $62.50 
This summary was machine generated from LSEG data July 31 at
10:53 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
 Jun. 30 2024      0.64           0.59           Missed
 Mar. 31 2024      0.47           0.59           Beat
 Dec. 31 2023      0.52           0.32           Missed
 Sep. 30 2023      0.87           0.56           Missed