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

Spire

01/05/2024 14:53

* Spire Inc  SR.N  reported quarterly adjusted earnings of
$3.45​​
per share for the quarter ended in March, lower than the same
quarter last year, when the company reported EPS of $3.70.  The
mean expectation of seven analysts for the quarter was
for earnings of $3.72 per share. Wall Street expected results to
range from $3.17  to $4.03 per share.
    * Revenue rose 0.5% to $1.13 billion from a year ago;
analysts
expected $1.23 billion. 
    * Spire Inc's reported EPS for the quarter was $3.58​.
    * The company reported quarterly net income of $200.3
million.
    * Spire Inc shares had risen by 0.7% this quarter and
lost 0.9% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "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 May 1 at 01:52
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      3.72           3.45           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