Southwest Gas (SWX) Q3 Earnings Top Estimates

Company Performance - Southwest Gas reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of$ 0.07 per share, but down from $0.10 per share a year ago, representing an earnings surprise of 28.57% [1] - The company posted revenues of$ 1.08 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.82%, compared to $1.17 billion in revenues a year ago [2] - Over the last four quarters, Southwest Gas has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Comparison - Southwest Gas shares have increased by approximately 16.2% since the beginning of the year, while the S&P 500 has gained 21.2% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.12 on revenues of $1.38 billion, and for the current fiscal year, it is$ 3.13 on revenues of $5.28 billion [7] - The Zacks Rank for Southwest Gas is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Utility - Gas Distribution industry is currently in the top 37% of over 250 Zacks industries, suggesting that companies in the top 50% of Zacks-ranked industries outperform those in the bottom 50% by more than 2 to 1 [8]