Spire Inc reports results for the quarter ended in December - Earnings Summary

Spire

01/02/2024 14:33

* Spire Inc  SR.N  reported quarterly adjusted earnings of
$1.47​​
per share for the quarter ended in December, lower than the same
quarter last year, when the company reported EPS of $1.55.  The
mean expectation of six analysts for the quarter was
for earnings of $1.35 per share. Wall Street expected results to
range from $1.29  to $1.42 per share.
    * Revenue fell 7.1% to $756.60 million from a year ago;
analysts
expected $705.28 million. 
    * Spire Inc's reported EPS for the quarter was $1.52​.
    * The company reported quarterly net income of $81.3
million.
    * Spire Inc shares had fallen by 8.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is also "hold"

Wall Street's median 12-month price target for Spire Inc is
$64.00 
This summary was machine generated from LSEG data February 1 at
02:33 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
 Dec. 31 2023      1.35           1.47           Beat
 Sep. 30 2023      -0.63          -0.78          Missed
 Jun. 30 2023      0.00           -0.42          Missed
 Mar. 31 2023      3.48           3.70           Beat