New Jersey Resources Corp reports results for the quarter ended December 31 - Earnings Summary

New Jersey Resources

03/02/2025 22:39

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of $1.29​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 74 cents.  The mean expectation of six analysts
for the quarter was for earnings of $1.07 per share. Wall Street
expected results to range from 77 cents to $1.18 per share.
    * Revenue rose 4.5% to $488.36 million from a year ago;
analysts
expected $750.00 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was
$1.31​.
    * The company reported quarterly net income of $131.32
million.
    * New Jersey Resources Corp shares had risen by 2.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "buy"

Wall Street's median 12-month price target for New Jersey
Resources Corp is $54.00 
This summary was machine generated from LSEG data February 3 at
10:39 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.07           1.29           Beat
 Sep. 30 2024      0.88           0.89           Beat
 Jun. 30 2024      -0.02          -0.09          Missed
 Mar. 31 2024      1.33           1.41           Beat