New Jersey Resources Corp reports results for the quarter ended September 30 - Earnings Summary

• New Jersey Resources Corp NJR.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of six analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 84 cents to 89 cents per share.

• Revenue rose 19.5% to $395.78 million from a year ago; analysts expected $407.00 million.

• New Jersey Resources Corp's reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $91.13 million.

• New Jersey Resources Corp shares had risen by 8.1% this quarter and gained 14.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% 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 3 "strong buy" or "buy," 4 "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 New Jersey Resources Corp is $51.00

This summary was machine generated from LSEG data November 25 at 10:45 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)