New Jersey Resources Corp expected to post earnings of 75 cents a share - Earnings Preview

New Jersey Resources

02/02/2024 13:55

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
fall in quarterly revenue when it reports  results on February 6
for the period ending December 31 2023
    * The Belmar New Jersey-based  company is expected to report
a
8.5% decrease in revenue to $662 million from $723.57 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 75 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 no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months. ​
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $46.00​, above​ its last closing price
of $41.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.29        0.30       0.30      Met     0.6
 Jun. 30 2023  -0.05       -0.04      0.10      Beat    350
 Mar. 31 2023  1.21        1.21       1.16      Missed  -4.1​
 Dec. 31 2022  0.72        0.72       1.14      Beat    58
 ​​Sep.        0.46        0.43       0.50      Beat    17.2
 30 2022                                                
 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
 This summary was machine generated February 2 at 13:55 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)