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

New Jersey Resources

06/02/2024 14:32

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of 74 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.14.  The mean expectation of
four analysts for the quarter was for earnings of 75 cents per
share. Wall Street expected results to range from 61 cents
to $1.00 per share.
    * Revenue fell 35.4% to $467.21 million from a year ago;
analysts
expected $662.00 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was 91
cents​.
    * New Jersey Resources Corp shares had fallen by 11.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $45.00 
This summary was machine generated from LSEG data February 6 at
02:31 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 2023      0.75           0.74           Missed
 Sep. 30 2023      0.30           0.30           Met
 Jun. 30 2023      -0.04          0.10           Beat
 Mar. 31 2023      1.21           1.16           Missed