Essential Utilities Inc WTRG.N reported quarterly adjusted earnings of 97 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of seven analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 67 cents to 86 cents per share.
Revenue fell 15.7% to $612.07 million from a year ago; analysts expected $750.08 million.
Essential Utilities Inc's reported EPS for the quarter was 97 cents.
The company reported quarterly income of $265.77 million.
Essential Utilities Inc shares had risen by 0.4% this quarter and lost 0.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 6% in the last three months.
In the last 30 days, one analyst revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and "sell" or "strong sell."
The average consensus recommendation for the water & related utilities peer group is also "buy"
Wall Street's median 12-month price target for Essential Utilities Inc is $42.00
This summary was machine generated from LSEG data May 2 at 10:34 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 |
0.77 |
0.97 |
Beat |
Dec. 31 2023 |
0.50 |
0.50 |
Met |
Sep. 30 2023 |
0.29 |
0.30 |
Beat |
Jun. 30 2023 |
0.34 |
0.34 |
Met |