New Jersey Resources Q4 Adj EPS $0.30 Misses $0.32 Estimate, Sales $331.32M Miss $760.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Jersey Resources (NJR) reported Q4 adjusted EPS of $0.30, missing the $0.32 estimate, and sales of $331.32M, falling short of the $760.00M estimate. This represents a 40% decrease in earnings and a 56.72% decrease in sales compared to the same period last year.
November 21, 2023 | 12:05 pm
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New Jersey Resources reported a significant miss in both earnings and revenue for Q4, with a notable year-over-year decline in performance.
Missing both earnings and revenue estimates, especially by such large margins, is typically seen as a negative indicator for a company's stock price in the short term. The substantial year-over-year decline in both metrics further emphasizes the company's underperformance and may lead to a loss of investor confidence.
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