Will New Jersey Resources (NJR) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - New Jersey Resources (NJR) is positioned to potentially continue its earnings-beat streak, supported by a positive earnings surprise history and favorable earnings estimates [1][5]. Earnings Performance - For the most recent quarter, NJR reported earnings of $1.65 per share, missing the expected $1.76 per share, resulting in a surprise of 6.67% [2]. - In the previous quarter, NJR exceeded expectations by reporting $1.29 per share against a consensus estimate of $1.14 per share, achieving a surprise of 13.16% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for NJR, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - NJR currently has an Earnings ESP of +11.77%, suggesting analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that NJR has a high probability of beating earnings estimates, with historical data indicating nearly 70% success in such cases [6][8].