New Jersey Resources (NJR) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Core Viewpoint - New Jersey Resources (NJR) is anticipated to report a year-over-year decline in earnings due to lower revenues, which could significantly affect its stock price depending on how actual results compare to consensus estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for November 19, and if the results exceed expectations, the stock may rise; conversely, missing estimates could lead to a decline [2]. - The consensus estimate for NJR's quarterly earnings is $0.16 per share, reflecting a year-over-year decrease of 82%, with revenues projected at $303.14 million, down 23.4% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.33% higher, indicating a slight bullish sentiment among analysts [4]. - The Most Accurate Estimate for NJR is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +8.51%, suggesting a likelihood of beating the consensus EPS estimate [12]. Earnings Surprise History - NJR has a history of beating consensus EPS estimates, having surpassed expectations in three out of the last four quarters, including a notable surprise of +200% in the last reported quarter [13][14]. Industry Context - In comparison, Spire (SR), another company in the Zacks Utility - Gas Distribution industry, is expected to report a loss of $0.46 per share, which represents a year-over-year increase of 14.8%, with revenues projected at $307.96 million, up 4.8% from the previous year [18]. - Spire's consensus EPS estimate has been revised 0.3% higher, but a lower Most Accurate Estimate results in an Earnings ESP of -23.72%, complicating predictions of an earnings beat [19].