Southwest Gas Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Southwest Gas Holdings Inc SWX.N reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of six analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 32 cents to 68 cents per share.

• Revenue rose 119.6% to $1.12 billion from a year ago; analysts expected $1.17 billion.

• Southwest Gas Holdings Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $12.88 million.

• Southwest Gas Holdings Inc shares had risen by 6.9% this quarter and gained 12.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "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 Southwest Gas Holdings Inc is $80.00, about 0.5% above its last closing price of $79.56

This summary was machine generated from LSEG data August 6 at 01:32 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)