National Fuel Gas Co reports results for the quarter ended in March - Earnings Summary

National Fuel Gas

02/05/2024 24:34

* National Fuel Gas Co  NFG.N  reported quarterly adjusted
earnings of $1.79​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.54.  The mean expectation of four analysts
for the quarter was for earnings of $1.51 per share. Wall Street
expected results to range from $1.21  to $1.67 per share.
    * Revenue fell 12.2% to $629.94 million from a year ago;
analysts
expected $767.33 million. 
    * National Fuel Gas Co's reported EPS for the quarter was
$1.80​.
    * The company reported quarterly net income of $166.27
million.
    * National Fuel Gas Co shares had fallen by 1.2% this
quarter and
gained 5.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for National Fuel Gas
Co is $64.00 
This summary was machine generated from LSEG data May 1 at 11:34
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
 Mar. 31 2024      1.51           1.79           Beat
 Dec. 31 2023      1.33           1.46           Beat
 Sep. 30 2023      0.84           0.78           Missed
 Jun. 30 2023      0.91           1.01           Beat