Northwest Natural (NWN) Reports Q3 Loss, Misses Revenue Estimates

Group 1 - Northwest Natural reported a quarterly loss of $0.71 per share, which was better than the Zacks Consensus Estimate of a loss of $0.79, but worse than the loss of $0.65 per share a year ago, indicating an earnings surprise of 10.13% [1] - The company posted revenues of $136.93 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.17% and down from $141.48 million year-over-year [2] - Northwest Natural shares have increased by approximately 6.4% since the beginning of the year, while the S&P 500 has gained 25.8% [3] Group 2 - The earnings outlook for Northwest Natural is mixed, with current consensus EPS estimates at $1.49 on revenues of $408.95 million for the coming quarter and $2.32 on revenues of $1.21 billion for the current fiscal year [7] - The Utility - Gas Distribution industry, to which Northwest Natural belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8] Group 3 - The estimate revisions trend for Northwest Natural is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] - UGI, another company in the same industry, is expected to report a quarterly loss of $0.30 per share, representing a significant year-over-year change of -1100% [9]