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

New Jersey Resources

17/11/2022 14:30

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of 43 cents per share.
    * Revenue rose 43.7% to $765.49 million from a year ago;
analysts
expected $428.91 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was 57
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * New Jersey Resources Corp shares had risen by 15.8% this
quarter and gained 9.2% so far this year.
    * The company reported quarterly net income of $54.52
million.
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $43.00 
    * 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 Refinitiv data November
17 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.43           0.50           Beat
 Jun. 30 2022      0.06           -0.04          Missed
 Mar. 31 2022      1.28           1.36           Beat
 Dec. 31 2021      0.73           0.69           Missed