New Jersey Resources Corp reports results for the quarter ended March 31 - Earnings Summary

• New Jersey Resources Corp NJR.N reported quarterly adjusted earnings of $1.78​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of six analysts for the quarter was for earnings of $1.62 per share. Wall Street expected results to range from $1.56 to $1.67 per share.

• Revenue rose 38.8% to $913.03 million from a year ago; analysts expected $732.00 million.

• New Jersey Resources Corp's reported EPS for the quarter was $2.02​.

• The company reported quarterly net income of $204.29 million.

• New Jersey Resources Corp shares had risen by 0.9% this quarter and gained 6.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $53.00

This summary was machine generated from LSEG data May 5 at 09:46 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)