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

• New Jersey Resources Corp NJR reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of six analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -16 cents to 3 cents per share.

• Revenue rose 8.5% to $298.95 million from a year ago; analysts expected $303.55 million.

• New Jersey Resources Corp's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $15.05 million.

• New Jersey Resources Corp shares had risen by 3.1% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 191.7% 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 5 "strong buy" or "buy," 3 "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 $52.00, about 11.1% above its last closing price of $46.21

This summary was machine generated from LSEG data August 5 at 04:01 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)