UGI Corp reports results for the quarter ended in December - Earnings Summary

UGI

31/01/2024 23:46

* UGI Corp  UGI.N  reported quarterly adjusted earnings of
$1.20​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of $1.14. 
The mean expectation of three analysts for the quarter was
for earnings of $1.05 per share. Wall Street expected results to
range from $1.01  to $1.11 per share.
    * Revenue fell 23.1% to $2.12 billion from a year ago;
analysts
expected $2.67 billion. 
    * UGI Corp's reported EPS for the quarter was 44 cents​.
    * The company reported quarterly net income of $94 million.
    * UGI Corp shares had fallen by 8.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.1%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the natural gas
utilities peer group is  "hold."

Wall Street's median 12-month price target for UGI Corp is
$32.00 
This summary was machine generated from LSEG data January 31 at
11:46 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      1.05           1.20           Beat
 Sep. 30 2023      -0.06          0.03           Beat
 Jun. 30 2023      0.02           0.00           Missed
 Mar. 31 2023      1.78           1.68           Missed