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

New Jersey Resources

07/05/2024 14:32

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of $1.41​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.16.  The mean expectation of five analysts
for the quarter was for earnings of $1.33 per share. Wall Street
expected results to range from $1.10  to $1.74 per share.
    * Revenue rose 2.2% to $657.91 million from a year ago;
analysts
expected $670.00 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was
$1.22​.
    * New Jersey Resources Corp shares had risen by 4.3% this
quarter and gained 0.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 May 7 at 01:32
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
 Mar. 31 2024      1.33           1.41           Beat
 Dec. 31 2023      0.75           0.74           Missed
 Sep. 30 2023      0.30           0.30           Met
 Jun. 30 2023      -0.04          0.10           Beat