Northwest Natural Holding Co reports results for the quarter ended in June - Earnings Summary

Northwest Natural Holding Co

02/08/2024 15:22

* Northwest Natural Holding Co  NWN.N  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 3 cents.  The mean expectation of six analysts
for the quarter was for a loss of 13 cents per share. Wall
Street expected results to range from -15 cents to -11 cents per
share.
    * Revenue fell 11% to $211.71 million from a year ago;
analysts
expected $231.99 million. 
    * Northwest Natural Holding Co's reported EPS for the
quarter was
a loss of 7 cents​.
    * The company reported a quarterly loss of $2.79 million.
    * Northwest Natural Holding Co shares had risen by 11.8%
this
quarter and gained 3.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2,666.6% 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 2 "strong buy" or "buy," 5
"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 Northwest Natural
Holding Co is $40.50 
This summary was machine generated from LSEG data August 2 at
02:22 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
 Jun. 30 2024      -0.13          -0.07          Beat
 Mar. 31 2024      1.81           1.69           Missed
 Dec. 31 2023      1.27           1.21           Missed
 Sep. 30 2023      -0.66          -0.65          Beat