Southwest Gas Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Southwest Gas Holdings Inc SWX.N reported quarterly adjusted earnings of $1.65​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.37. The mean expectation of six analysts for the quarter was for earnings of $1.50 per share. Wall Street expected results to range from $1.19 to $1.66 per share.

• Revenue fell 18% to $1.30 billion from a year ago; analysts expected $1.50 billion.

• Southwest Gas Holdings Inc's reported EPS for the quarter was $1.58​.

• The company reported quarterly net income of $113.87 million.

• Southwest Gas Holdings Inc shares had risen by 5.4% this quarter and gained 7.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.5% 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 1 "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 Southwest Gas Holdings Inc is $79.50

This summary was machine generated from LSEG data May 12 at 01:31 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)