New Jersey Resources: Earnings Report: New Jersey Resources Corporation Missed Revenue Estimates By 12%

In This Article: New Jersey Resources Corporation ( NYSE:NJR ) last week reported its latest full-year results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues were US$1.8b, 12% below analyst expectations, although losses didn't appear to worsen significantly, with a statutory per-share loss of US$2.92 being in line with what the analysts anticipated. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. See our latest analysis for New Jersey Resources NYSE:NJR Earnings and Revenue Growth November 29th 2024 Taking into account the latest results, the consensus forecast from New Jersey Resources' four analysts is for revenues of US$2.08b in 2025. This reflects a solid 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 8.5% to US$3.15. Before this earnings report, the analysts had been forecasting revenues of US$2.07b and earnings per share (EPS) of US$2.86 in 2025. Although the revenue estimates have not really changed, we can see there's been a decent improvement in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result. The consensus price target was unchanged at US$52.29, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on New Jersey Resources, with the most bullish analyst valuing it at US$60.00 and the most bearish at US$47.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that New Jersey Resources' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 16% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 2.2% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 4.3% per year. Not only are New Jersey Resources' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry. The Bottom Line The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards New Jersey Resources following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$52.29, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for New Jersey Resources going out to 2027, and you can see them free on our platform here. . Don't forget that there may still be risks. For instance, we've identified 3 warning signs for New Jersey Resources (1 shouldn't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.