New Jersey Resources Corp expected to post earnings of $1.28 a share - Earnings Preview

New Jersey Resources

03/05/2022 19:32

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
rise in quarterly revenue when it reports  results on May 5. 
    * The Belmar New Jersey-based  company is expected to report
 a
10.0% increase in revenue to $882.5 million from $802.19 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for New Jersey
Resources Corp
is for earnings of $1.28 per share. For the same quarter last
year, the company reported earnings of $1.77 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $45​, above​ its last closing price of $42.79.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.75        0.73       0.69      Missed  -5.7
 Sep. 30 2021  0.08        0.08       0.07      Missed  -10.9
 Jun. 30 2021  -0.19       -0.12      -0.15     Missed  -20​
 Mar. 31 2021  1.21        1.18       1.77      Beat    49.6
 ​​Dec.        0.49        0.49       0.46      Missed  -6.1
 31 2020                                                
 Sep. 30 2020  0.57        0.57       0.57      Met     0.7​
 Jun. 30 2020  0.07        0.10       -0.06     Missed  -161.2
 Mar. 31 2020  1.49        1.48       1.12      Missed  -24.5
 This summary was machine generated May 3 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated