RGC Resources Inc reports results for the quarter ended June 30 - Earnings Summary

• RGC Resources Inc RGCO.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 2 cents. The lone analyst forecast for the quarter was for earnings of 2 cents per share.

• Revenue rose 19.4% to $17.26 million from a year ago; analysts expected $15.00 million.

• RGC Resources Inc shares had fallen by 3.6% this quarter and gained 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 natural gas utilities peer group is "buy."

• Wall Street's median 12-month price target for RGC Resources Inc is $27.00, about 20.1% above its last closing price of $21.58

This summary was machine generated from LSEG data August 12 at 09:00 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)