New Jersey Resources's Earnings Outlook
Portfolio Pulse from Benzinga Insights
New Jersey Resources (NYSE:NJR) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts estimating an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for future growth. In the past, NJR has had mixed results with its earnings performance, sometimes beating and sometimes missing EPS estimates, with varying impacts on the stock price. Currently, shares are trading at $43.01, down 13.79% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
November 20, 2023 | 2:01 pm
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New Jersey Resources is anticipated to report quarterly earnings with an estimated EPS of $0.32. Historical performance shows mixed results, with the stock price reacting variably to earnings beats and misses. Shares are currently down 13.79% over the past year, reflecting a bearish sentiment.
The short-term impact on NJR's stock price will likely depend on whether the company beats or misses the EPS estimate and the guidance provided for future quarters. Historical data shows that the stock price can react positively to an earnings beat, but overall bearish sentiment due to the 13.79% decline over the past year may temper any positive reaction. The confidence level is not at the maximum because market reactions can be unpredictable and may also be influenced by broader market trends or unforeseen commentary during the earnings call.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100