New Jersey Resources Corp expected to post earnings of 8 cents a share - Earnings Preview

New Jersey Resources

16/11/2021 13:36

* New Jersey Resources Corp  NJR.N   NJR  is expected to show a
fall in quarterly revenue when it reports  results on November
18. 
* The Belmar, New Jersey-based company is expected to report  a
4.9% decrease in revenue to $380.5 million from $400.04 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 8 cents per share. For the same quarter
last year, the company reported earnings of 57 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 6.7% above​ its last closing price
of $39.18. ​​​
* 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 2021  -0.19       -0.12      -0.15     Missed  -20
 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
 ​​Jun.        0.07        0.10       -0.06     Missed  -161.2
 30 2020                                                
 Mar. 31 2020  1.49        1.48       1.12      Missed  -24.5​
 Dec. 31 2019  0.74        0.76       0.44      Missed  -42.4
 Sep. 30 2019              0.29       0.29      Met     1.2
 This summary was machine generated November 16 at 13:36 GMT. 
All figures in US dollars  unless otherwise stated