New Jersey Resources Corp expected to post earnings of 73 cents a share - Earnings Preview

New Jersey Resources

01/02/2022 17:05

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
fall in quarterly revenue when it reports  results on February
3. 
    * The Belmar New Jersey-based  company is expected to report
 a
1.6% decrease in revenue to $447 million from $454.31 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 73 cents per share. For the same quarter last
year, the company reported earnings of 46 cents 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 $42​, about 4.3% above​ its last closing price
of $40.21. ​​​
    * 

This summary was machine generated February 1 at 17:05 GMT.  All
figures in US dollars  unless otherwise stated