NorthWestern (NWE) Misses Q3 Earnings Estimates

Group 1 - NorthWestern (NWE) reported quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.70 per share, but showing an increase from $0.49 per share a year ago, resulting in an earnings surprise of -7.14% [1] - The company posted revenues of $345.2 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.33%, and compared to year-ago revenues of $321.1 million [2] - NorthWestern shares have increased approximately 7.1% since the beginning of the year, while the S&P 500 has gained 21.8% [3] Group 2 - The earnings outlook for NorthWestern is mixed, with the current consensus EPS estimate for the coming quarter at $1.22 on revenues of $369.76 million, and for the current fiscal year at $3.49 on revenues of $1.51 billion [7] - The Utility - Electric Power industry, to which NorthWestern belongs, is currently in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, MGE (MGEE), is expected to report quarterly earnings of $1.17 per share, reflecting a year-over-year change of +11.4% [9]