NorthWestern Energy Group Inc reports results for the quarter ended in September 30 - Earnings Summary

NorthWestern Energy

29/10/2024 02:26

* NorthWestern Energy Group Inc  NWE.OQ  reported quarterly
adjusted earnings of 65 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 63 cents to 72
cents per share.
    * Revenue rose 7.5% to $345.20 million from a year ago;
analysts
expected $350.44 million. 
    * NorthWestern Energy Group Inc's reported EPS for the
quarter was
76 cents​.
    * The company reported quarterly net income of $46.8
million.
    * NorthWestern Energy Group Inc shares had fallen by 4.8%
this
quarter and gained 7.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for NorthWestern
Energy Group Inc is 54.50 
This summary was machine generated from LSEG data October 29 at
02:26 a.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      0.68           0.65           Missed
 Jun. 30 2024      0.48           0.53           Beat
 Mar. 31 2024      1.14           1.09           Missed
 Dec. 31 2023      1.17           1.38           Beat