New Jersey Resources Corp reports results for the quarter ended September 30 - Earnings Summary

New Jersey Resources

25/11/2024 22:45

* New Jersey Resources Corp  NJR.N  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of six analysts
for the quarter was for earnings of 88 cents per share. Wall
Street expected results to range from 84 cents to 89 cents per
share.
    * Revenue rose 19.5% to $395.78 million from a year ago;
analysts
expected $407.00 million. 
    * New Jersey Resources Corp's reported EPS for the quarter
was 92
cents​.
    * The company reported quarterly net income of $91.13
million.
    * New Jersey Resources Corp shares had risen by 8.1% this
quarter and gained 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $51.00 
This summary was machine generated from LSEG data November 25 at
10:45 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
 Sep. 30 2024      0.88           0.89           Beat
 Jun. 30 2024      -0.02          -0.09          Missed
 Mar. 31 2024      1.33           1.41           Beat
 Dec. 31 2023      0.75           0.74           Missed