RGC Resources Inc reports results for the quarter ended in June - Earnings Summary

RGC Resources

07/08/2024 14:31

* RGC Resources Inc  RGCO.OQ  reported quarterly adjusted
earnings
of 2 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 7
cents.  The lone analyst forecast for the quarter was
for earnings of 7 cents per share. 
    * Revenue rose 5.8% to $14.46 million from a year ago;
analysts
expected $14.00 million. 
    * RGC Resources Inc shares had fallen by 3.4% this
quarter and
lost 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "strong buy"

Wall Street's median 12-month price target for RGC Resources Inc
is $27.00 
This summary was machine generated from LSEG data August 7 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
 Jun. 30 2024      0.07           0.02           Missed
 Mar. 31 2024      0.65           0.63           Missed
 Dec. 31 2023      0.39           0.50           Beat
 Sep. 30 2023      -0.02          0.10           Beat