New Jersey Resources Q3 2024 Adj. EPS $(0.09) Misses $(0.02) Estimate, Sales $275.636M Miss $284.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
New Jersey Resources (NYSE:NJR) reported Q3 2024 adjusted EPS of $(0.09), missing the $(0.02) estimate by 350%. Sales were $275.636M, missing the $284.000M estimate by 2.95%, but up 4.38% from last year's $264.075M.
August 06, 2024 | 11:06 am
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New Jersey Resources (NYSE:NJR) reported Q3 2024 adjusted EPS of $(0.09), missing the $(0.02) estimate by 350%. Sales were $275.636M, missing the $284.000M estimate by 2.95%, but up 4.38% from last year's $264.075M.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact NJR's stock price in the short term. However, the year-over-year sales increase may provide some support.
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