New Jersey Resources Corp expected to post earnings of 43cents a share - Earnings Preview

New Jersey Resources

15/11/2022 15:40

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
fall in quarterly revenue when it reports  results on November
17. 
    * The Belmar New Jersey-based  company is expected to report
 a
19.5% decrease in revenue to $428.91 million from $532.53
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 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "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 $43​, below​ its last closing price of $44.45.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.05        0.06       -0.04     Missed  -166.7
 Mar. 31 2022  1.29        1.28       1.36      Beat    6.5
 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.        -0.19       -0.12      -0.15     Missed  -20
 30 2021                                                
 Mar. 31 2021  1.21        1.18       1.77      Beat    49.6​
 Dec. 31 2020  0.49        0.49       0.46      Missed  -6.1
 Sep. 30 2020  0.57        0.57       0.57      Met     0.7
 This summary was machine generated November 15 at 15:40 GMT. 
All figures in US dollars  unless otherwise stated