Street Expectation From NewJersey Resources Corporation ($NJR) 4Q20 Earnings?

NewJersey Resources Corporation (NYSE:NJR) is set to announce fourth quarter earning results on Monday 30th November 2020, before market open.

Analysts surveyed by Thomson Reuters are predicting, NJR to report 4Q20 income of $ 0.57 per share.

For the full year, analysts anticipate top line of $ 2385.56 million, while looking forward to income of $ 2.06 per share bottom line.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 2.05 ~ $ 2.05 per share

Click Here For More Historical Outlooks Of NewJersey Resources Corporation

Previous Quarter Performance

NewJersey Resources Corporation communicated loss for the third quarter of $ 0.06 per share, from the revenue of $ 298.97 million. According to street consensus, NJR was expected to report 3Q20 income of $ 0.10 per share from revenue of $ 447.88 million. The bottom line results missed street analysts by $ 0.16 or 160 percent, at the same time, top line results fell short of analysts by $ 148.91 million or 33.25 percent.

Stock Performance

Shares of NewJersey Resources Corporation traded low $ -0.96 or -2.56 percent on Friday, reaching $ 36.51 with volume of 254.10 thousand shares. NewJersey Resources Corporation has traded high as $ 37.70 and has cracked $ 36.45 on the downward trend

According to the previous trading day, closing price of $ 36.51, representing a 77.25 % increase from the 52 week low of $ 21.14 and a 18.12 % decrease over the 52 week high of $ 45.76.

The company has a market capital of $ 3.50 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.

Conference Call

NewJersey Resources Corporation will be hosting a conference call at 8:30 AM eastern time on 30th November 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.njresources.com

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.