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

New Jersey Resources

04/08/2023 12:40

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was for a
loss of 5 cents per share.
    * Revenue fell 52.2% to $264.08 million from a year ago;
analysts
expected $470.98 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 60.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * New Jersey Resources Corp shares had fallen by 6.1% this
quarter and lost 10.7% so far this year.
    * The company reported quarterly net income of $1.53
million.
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $50.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 11:40 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.05          0.10           Beat
 Mar. 31 2023      1.21           1.16           Missed
 Dec. 31 2022      0.72           1.14           Beat
 Sep. 30 2022      0.43           0.50           Beat