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

UGI

01/05/2024 23:41

* UGI Corp  UGI.N  reported quarterly adjusted earnings of
$1.97​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of $1.68.  The
mean expectation of three analysts for the quarter was
for earnings of $1.64 per share. Wall Street expected results to
range from $1.56  to $1.72 per share.
    * Revenue fell 20.6% to $2.47 billion from a year ago;
analysts
expected $3.07 billion. 
    * UGI Corp's reported EPS for the quarter was $2.30​.
    * The company reported quarterly net income of $496 million.
    * UGI Corp shares had risen by 4.2% this quarter and
gained 3.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
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 1 "strong buy" or "buy," 2
"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 UGI Corp is
$28.00 
This summary was machine generated from LSEG data May 1 at 10:41
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      1.64           1.97           Beat
 Dec. 31 2023      1.05           1.20           Beat
 Sep. 30 2023      -0.06          0.03           Beat
 Jun. 30 2023      0.02           0.00           Missed