Earnings Preview for New Jersey Resources

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New Jersey Resources NJR unveils its next round of earnings this Friday, August 07. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

New Jersey Resources EPS is expected to be around $0.1, according to sell-side analysts. Sales will likely be near $447.88 million. New Jersey Resources EPS in the same period a year ago totaled $-0.2. Revenue was $434.94 million. If the company were to match the consensus estimate when it reports Friday, earnings would be up 150.0%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 1.48 0.80 0.29 0.13
EPS Actual 1.12 0.44 0.29 -0.20
Revenue Estimate 872.39 M 853.00 M 689.00 M 592.80 M
Revenue Actual 639.61 M 615.04 M 479.08 M 434.94 M

Stock Performance

Over the last 52-week period, shares are down 30.12%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. New Jersey Resources is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/n6cb5d67

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Posted In: Earnings
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