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

Northwest Natural Holding Co

06/05/2024 14:32

* Northwest Natural Holding Co  NWN.N  reported quarterly
adjusted
earnings of $1.69​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $2.01.  The mean expectation of five analysts for the
quarter was for earnings of $1.81 per share. Wall Street
expected results to range from $1.74  to $1.99 per share.
    * Revenue fell 6.3% to $433.47 million from a year ago;
analysts
expected $453.11 million. 
    * Northwest Natural Holding Co's reported EPS for the
quarter was
$1.69​.
    * The company reported quarterly net income of $63.82
million.
    * Northwest Natural Holding Co shares had risen by 3.8% this
quarter and lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

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 $39.00 
This summary was machine generated from LSEG data May 6 at 01:31
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 2024      1.81           1.69           Missed
 Dec. 31 2023      1.27           1.21           Missed
 Sep. 30 2023      -0.66          -0.65          Beat
 Jun. 30 2023      -0.02          0.03           Beat