MDU Resources Group Inc MDU.N reported quarterly adjusted earnings of 32 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of two analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 22 cents to 22 cents per share.
Revenue fell 4% to $1.05 billion from a year ago; analysts expected $1.06 billion.
MDU Resources Group Inc's reported EPS for the quarter was 30 cents.
MDU Resources Group Inc shares had risen by 1.3% this quarter and gained 28.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 19.6% 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 3 "strong buy" or "buy," 1 "hold" and "sell" or "strong sell."
The average consensus recommendation for the multiline utilities peer group is "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 August 8 at 02:29 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 |
0.22 |
0.32 |
Beat |
Mar. 31 2024 |
0.47 |
0.52 |
Beat |
Dec. 31 2023 |
0.49 |
0.56 |
Beat |
Sep. 30 2023 |
0.25 |
0.38 |
Beat |