New Jersey Resources Corp reports results for the quarter ended March 31 - Earnings Summary

New Jersey Resources

05/05/2025 22:46

New Jersey Resources Corp NJR.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.41.  The mean expectation of six analysts for the quarter was for earnings of $1.62 per share. Wall Street expected results to range from $1.56  to $1.67 per share.

Revenue rose 38.8% to $913.03 million from a year ago; analysts expected $732.00 million.

New Jersey Resources Corp's reported EPS for the quarter was $2.02​.

The company reported quarterly net income of $204.29 million.

New Jersey Resources Corp shares had risen by 0.9% this quarter and gained 6.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 3.2% 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 4 "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 $53.00

This summary was machine generated from LSEG data May 5 at 09:46 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 2025
1.62
1.78
Beat
Dec. 31 2024
1.07
1.29
Beat
Sep. 30 2024
0.88
0.89
Beat
Jun. 30 2024
-0.02
-0.09
Missed