Middlesex Water Co reports results for the quarter ended in September 30 - Earnings Summary

Middlesex Water Co

01/11/2024 03:02

* Middlesex Water Co  MSEX.OQ  reported quarterly adjusted
earnings of 80 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of two analysts
for the quarter was for earnings of 68 cents per share. Wall
Street expected results to range from 67 cents to 69 cents per
share.
    * Revenue rose 17.9% to $55.10 million from a year ago;
analysts
expected $52.40 million. 
    * Middlesex Water Co's reported EPS for the quarter was 80
cents​.
    * Middlesex Water Co shares had fallen by 4.2% this
quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the water &
related
utilities peer group is also "buy"

Wall Street's median 12-month price target for Middlesex Water
Co is 66.00 
This summary was machine generated from LSEG data November 1 at
03:01 a.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
 Sep. 30 2024      0.68           0.80           Beat
 Jun. 30 2024      0.47           0.59           Beat
 Mar. 31 2024      0.47           0.59           Beat
 Dec. 31 2023      0.52           0.32           Missed