Recap: New Jersey Resources Q4 Earnings
Portfolio Pulse from Benzinga Insights
New Jersey Resources (NYSE:NJR) reported Q4 earnings with an EPS of $0.3, missing estimates by 6.25% against an expected $0.32. Revenue decreased by $434.16 million compared to the same period last year. In the previous quarter, NJR beat EPS estimates which led to a 0.59% share price increase the following day.

November 21, 2023 | 12:10 pm
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New Jersey Resources reported lower than expected Q4 earnings and a significant decrease in revenue compared to last year, which may negatively impact investor sentiment.
Missing earnings estimates and reporting lower revenues are typically seen as negative indicators for a company's financial health and often result in a negative short-term reaction in the stock market. Given NJR's previous quarter performance where a positive earnings surprise led to a slight increase in stock price, it is reasonable to expect a negative impact on the stock price following this earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100