Spire Inc reports results for the quarter ended September 30 - Earnings Summary

Spire

20/11/2024 14:32

* Spire Inc  SR.N  reported a quarterly adjusted loss of 54
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -78 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 52 cents per share. Wall Street
expected results to range from -58 cents to -43 cents per share.
    * Revenue fell 5.3% to $293.80 million from a year ago;
analysts
expected $382.54 million. 
    * Spire Inc's reported EPS for the quarter was a loss of 51
cents​.
    * The company reported a quarterly loss of $29.6 million.
    * Spire Inc shares had risen by 1.0% this quarter and
gained 9.0%
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 1 "strong buy" or "buy," 7
"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
$70.00 
This summary was machine generated from LSEG data November 20 at
02:31 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
 Sep. 30 2024      -0.52          -0.54          Missed
 Jun. 30 2024      -0.16          -0.14          Beat
 Mar. 31 2024      3.72           3.45           Missed
 Dec. 31 2023      1.35           1.47           Beat