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

New Jersey Resources

21/11/2023 14:32

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of 30 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 50 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 27 cents to 34
cents per share.
    * Revenue fell 56.7% to $331.33 million from a year ago;
analysts
expected $760.00 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was 38
cents​.
    * New Jersey Resources Corp shares had risen by 4.2% this
quarter and lost 14.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.7%
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 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $47.00 

This summary was machine generated from LSEG data November 21 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.72           1.14           Beat