NorthWestern Affirms 2024 Guidance: Sees EPS Of $3.42 - $3.62 Vs. $3.49 Consensus
Portfolio Pulse from Benzinga Newsdesk
NorthWestern Corp. has reaffirmed its 2024 earnings guidance, projecting EPS of $3.42 to $3.62, aligning with a consensus of $3.49. The company also confirmed its $500 million capital plan and anticipates a long-term EPS growth of 4% to 6% from the 2022 base year. Key assumptions include normal weather, a 12%-14% effective income tax rate, and 61.3 million diluted average shares outstanding. NorthWestern expects rate base growth of 4% to 6% without the need for equity issuances, though future strategic opportunities may require such financing.
April 26, 2024 | 6:46 am
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NorthWestern Corp. reaffirms its 2024 EPS guidance of $3.42 to $3.62 and a $500 million capital plan, expecting a 4%-6% long-term EPS growth.
Reaffirming earnings guidance and a solid capital plan without the need for new equity issuances is generally seen as a positive signal to the market, indicating management's confidence in the company's financial health and growth prospects. This could lead to positive investor sentiment in the short term.
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