MDU Resources Group Inc MDU.N reported quarterly adjusted earnings of 52 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of two analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 43 cents to 50 cents per share.
Revenue fell 30.1% to $1.21 billion from a year ago; analysts expected $1.33 billion.
MDU Resources Group Inc's reported EPS for the quarter was 49 cents.
The company reported quarterly income of $100.9 million.
MDU Resources Group Inc shares had fallen by 1.3% this quarter and gained 25.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 5.5% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and "sell" or "strong sell."
The average consensus recommendation for the multiline utilities peer group is also "buy"
Wall Street's median 12-month price target for MDU Resources Group Inc is $26.50
This summary was machine generated from LSEG data May 2 at 02:08 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Mar. 31 2024 |
0.47 |
0.52 |
Beat |
Dec. 31 2023 |
0.49 |
0.56 |
Beat |
Sep. 30 2023 |
0.25 |
0.38 |
Beat |
Jun. 30 2023 |
0.35 |
0.64 |
Beat |