NorthWestern Energy Group Inc NWE.OQ reported quarterly adjusted earnings of 40 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of seven analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 35 cents to 38 cents per share.
Revenue rose 7.1% to $342.70 million from a year ago; analysts expected $336.68 million.
NorthWestern Energy Group Inc's reported EPS for the quarter was 35 cents.
The company reported quarterly net income of $21.2 million.
NorthWestern Energy Group Inc shares had risen by 2.4% this quarter and lost 1.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 32.1% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for NorthWestern Energy Group Inc is $60.00, about 12.3% above its last closing price of $52.61
This summary was machine generated from LSEG data July 30 at 11:45 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)