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

RGC Resources

06/05/2024 14:32

* RGC Resources Inc  RGCO.OQ  reported quarterly adjusted
earnings
of 63 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 64 cents.  The lone analyst forecast for the quarter was
for earnings of 65 cents per share. 
    * Revenue fell 14.1% to $32.65 million from a year ago;
analysts
expected $34.00 million. 
    * RGC Resources Inc shares had risen by 5.6% this
quarter and
gained 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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 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      0.65           0.63           Missed
 Dec. 31 2023      0.39           0.50           Beat
 Sep. 30 2023      -0.02          0.10           Beat
 Jun. 30 2023      0.00           0.07           Beat