New Jersey Resources Corp expected to post earnings of $1.33 a share - Earnings Preview

New Jersey Resources

03/05/2024 14:02

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
rise in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The Belmar New Jersey-based  company is expected to report
a
4.0% increase in revenue to $670 million from $644.03 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for New Jersey Resources
Corp is
for earnings of $1.33 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 no "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 $45.00​, above​ its last closing price
of $44.55. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.62        0.75       0.74      Missed  -0.9
 Jan. 1 2023   0.29        0.30       0.30      Met     0.6
 Jun. 30 2023  -0.05       -0.04      0.10      Beat    350​
 Jan. 1 0001   1.21        1.21       1.16      Missed  -4.1
 ​​Sep.        0.72        0.72       1.14      Beat    58
 30 2022                                                
 Sep. 30 2022  0.46        0.43       0.50      Beat    17.2​
 Jun. 30 2022  0.05        0.06       -0.04     Missed  -166.7
 Mar. 31 2022  1.29        1.28       1.36      Beat    6.5
 This summary was machine generated May 3 at 13:02 GMT.  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)