New Jersey Resources NJR released its Q1 earnings on Monday, February 3, 2025 at 04:30 PM.
Here's what's important from the earnings announcement.
Earnings
New Jersey Resources beat estimated earnings by 22.0%, reporting an EPS of $1.29 versus an estimate of $1.06.
Revenue was up $21.15 million from the same period last year.
Previous Earnings Records
The company beat on EPS by $0.01 in the previous quarter, leading to a 2.0% drop share price change the next day.
Here's a look at New Jersey Resources's past performance:
| Quarter | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| EPS Estimate | 0.88 | -0.01 | 1.32 | 0.75 |
| EPS Actual | 0.89 | -0.09 | 1.41 | 0.74 |
| Revenue Estimate | 407.00M | 283.00M | 670.00M | 662.00M |
| Revenue Actual | 395.78M | 275.64M | 657.91M | 467.21M |
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).
Guidance
New Jersey Resources management provided guidance for FY 2025, expecting earnings between $3.05 and $3.2 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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