New Jersey Resources Corp expected to post earnings of 88 cents a share - Earnings Preview

New Jersey Resources

22/11/2024 21:17

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
rise in quarterly revenue when it reports  results on November
25 for the period ending September 30 2024
    * The Belmar New Jersey-based  company is expected to report
a
22.8% increase in revenue to $407 million from $331.33 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 88 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $51.00​, above​ its last closing price
of $49.85. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.02       -0.02      -0.09     Missed  -275
 Mar. 31 2024  1.32        1.33       1.41      Beat    6
 Dec. 31 2023  0.62        0.75       0.74      Missed  -0.9​
 Sep. 30 2023  0.29        0.30       0.30      Met     0.6
 ​​Jun.        -0.05       -0.04      0.10      Beat    350
 30 2023                                                
 Mar. 31 2023  1.21        1.21       1.16      Missed  -4.1​
 Dec. 31 2022  0.72        0.72       1.14      Beat    58
 Sep. 30 2022  0.46        0.43       0.50      Beat    17.2
 This summary was machine generated November 22 at 21:17 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)