New Jersey Resources: Q1 Earnings Insights

New Jersey Resources NJR released its Q1 earnings on Monday, February 3, 2025 at 04:30 PM.

Here's what's important from the earnings announcement.

New Jersey Resources beat estimated earnings by 22.0%, reporting an EPS of $1.29 versus an estimate of $1.06.

Revenue was up $21.15 million from the same period last year.

The company beat on EPS by $0.01 in the previous quarter, leading to a 2.0% drop share price change the next day.

Here's a look at New Jersey Resources's past performance:

Quarter	Q4 2024	Q3 2024	Q2 2024	Q1 2024
EPS Estimate	0.88	-0.01	1.32	0.75
EPS Actual	0.89	-0.09	1.41	0.74
Revenue Estimate	407.00M	283.00M	670.00M	662.00M
Revenue Actual	395.78M	275.64M	657.91M	467.21M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

New Jersey Resources management provided guidance for FY 2025, expecting earnings between $3.05 and $3.2 per share.

To track all earnings releases for New Jersey Resources visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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