Southwest Gas Holdings Inc reports results for the quarter ended in June - Earnings Summary

Southwest Gas Holdings

06/08/2024 21:09

* Southwest Gas Holdings Inc  SWX.N  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 47 cents.  The mean expectation of three analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 40 cents to 56 cents per share.
    * Revenue fell 60.6% to $510.09 million from a year ago;
analysts
expected $1.20 billion. 
    * Southwest Gas Holdings Inc's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $18.33
million.
    * Southwest Gas Holdings Inc shares had risen by 1.5% this
quarter and gained 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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," 3
"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 Southwest Gas
Holdings Inc is $77.00 
This summary was machine generated from LSEG data August 6 at
08:09 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                     0.31           
 Mar. 31 2024      1.42           1.37           Missed
 Dec. 31 2023      1.12           1.13           Beat
 Sep. 30 2023      -0.26          0.10           Beat