Artesian Resources Corp reports results for the quarter ended June 30 - Earnings Summary

• Artesian Resources Corp ARTNA reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The lone analyst forecast for the quarter was for earnings of 56 cents per share.

• Revenue rose 4.1% to $28.55 million from a year ago; analysts expected $29.00 million.

• Artesian Resources Corp shares had fallen by 2.2% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.8% 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 "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the water & related utilities peer group is "buy."

• Wall Street's median 12-month price target for Artesian Resources Corp is $46.00, about 28.7% above its last closing price of $32.82

This summary was machine generated from LSEG data August 4 at 09:37 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)