New Jersey Resources Q3 EPS $0.10 Beats $(0.03) Estimate, Sales $264.07M Miss $547.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Jersey Resources (NYSE:NJR) reported Q3 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.03) by 433.33%. However, the company's quarterly sales of $264.07 million missed the analyst consensus estimate of $547.71 million by 51.79%. This represents a 52.19% decrease over sales of $552.34 million the same period last year.
August 04, 2023 | 12:54 pm
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NEUTRAL IMPACT
New Jersey Resources reported better than expected Q3 earnings but significantly missed sales estimates. This mixed report could lead to uncertainty in the stock's short-term performance.
While the company's earnings beat estimates, the significant miss on sales could negatively impact investor sentiment. The mixed results make it difficult to predict the short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100