New Jersey Resources (NYSE:NJR) reported its Q2 earnings results on Thursday, May 5, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
New Jersey Resources beat estimated earnings by 6.25%, reporting an EPS of $1.36 versus an estimate of $1.28.
Revenue was up $110.13 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 0.6% drop in the share price the next day.
Here's a look at New Jersey Resources's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 0.08 | -0.11 | 1.13 |
| EPS Actual | 0.69 | 0.07 | -0.15 | 1.77 |
| Revenue Estimate | 444.00M | 380.50M | 309.00M | 646.00M |
| Revenue Actual | 675.84M | 532.53M | 367.59M | 802.19M |
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).
Guidance
New Jersey Resources management provided guidance for FY 2022, expecting earnings between $2.3 and $2.4 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.
