Middlesex Water Co MSEX.OQ reported quarterly adjusted earnings of 59 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of two analysts for the quarter was for earnings of 64 cents per share.
Revenue rose 14.8% to $49.15 million from a year ago; analysts expected $49.40 million.
Middlesex Water Co's reported EPS for the quarter was 59 cents.
Middlesex Water Co shares had risen by 26.5% this quarter and gained 0.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.4% 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 "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the water & related utilities peer group is also "strong buy"
Wall Street's median 12-month price target for Middlesex Water Co is $62.50
This summary was machine generated from LSEG data July 31 at 10:53 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 |
Jun. 30 2024 |
0.64 |
0.59 |
Missed |
Mar. 31 2024 |
0.47 |
0.59 |
Beat |
Dec. 31 2023 |
0.52 |
0.32 |
Missed |
Sep. 30 2023 |
0.87 |
0.56 |
Missed |