Recap: New Jersey Resources Q2 Earnings

New Jersey Resources NJR reported its Q2 earnings results on Thursday, May 5, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

New Jersey Resources beat estimated earnings by 6.25%, reporting an EPS of $1.36 versus an estimate of $1.28.

Revenue was up $110.13 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 0.6% drop in the share price the next day.

Here's a look at New Jersey Resources's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.72	0.08	-0.11	1.13
EPS Actual	0.69	0.07	-0.15	1.77
Revenue Estimate	444.00M	380.50M	309.00M	646.00M
Revenue Actual	675.84M	532.53M	367.59M	802.19M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

New Jersey Resources management provided guidance for FY 2022, expecting earnings between $2.3 and $2.4 per share.

To track all earnings releases for New Jersey Resources visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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