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

Unitil

13/02/2024 14:31

* Unitil Corp  UTL.N  reported quarterly adjusted earnings
of 97
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 91
cents.  The mean expectation of two analysts for the quarter was
for earnings of 94 cents per share. Wall Street expected
results to range from 93 cents to 94 cents per share.
    * Revenue fell 19.8% to $129.60 million from a year ago;
analysts
expected $156.25 million. 
    * Unitil Corp's reported EPS for the quarter was 97 cents​.
    * The company reported quarterly net income of $15.5
million.
    * Unitil Corp shares had fallen by 5.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Unitil Corp is
$52.00 
This summary was machine generated from LSEG data February 13 at
02:30 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      0.94           0.97           Beat
 Sep. 30 2023      0.05           0.09           Beat
 Jun. 30 2023      0.29           0.25           Missed
 Mar. 31 2023      1.45           1.51           Beat