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

Unitil

07/05/2024 14:32

* Unitil Corp  UTL.N  reported quarterly adjusted earnings
of
$1.69​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.51.  The mean expectation of three analysts for the quarter
was for earnings of $1.59 per share. Wall Street expected
results to range from $1.58  to $1.60 per share.
    * Revenue fell 18.8% to $178.70 million from a year ago;
analysts
expected $212.65 million. 
    * Unitil Corp's reported EPS for the quarter was $1.69​.
    * The company reported quarterly net income of $27.2
million.
    * Unitil Corp shares had risen by 1.8% this quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 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 May 7 at 01:32
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      1.59           1.69           Beat
 Dec. 31 2023      0.94           0.97           Beat
 Sep. 30 2023      0.05           0.09           Beat
 Jun. 30 2023      0.29           0.25           Missed