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New Jersey Resources: Q1 Earnings Insights

Benzinga·02/03/2025 21:35:19
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New Jersey Resources (NYSE: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.