New Jersey Resources Reports First-Quarter Fiscal 2021 Results

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Go back to New Jersey Resources Reports First-Quarter Fiscal 2021 Results

New Jersey Resources (NJR) Misses Q1 EPS by 3c, Revenues Miss; Raises FY22 EPS Guidance Above Consensus, Confirms FY21 EPS Mid-Point Views Below Consensus

February 4, 2021 7:15 AM EST

New Jersey Resources (NYSE: NJR) reported Q1 EPS of $0.46, $0.03 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $454.31 million versus the consensus estimate of $611 million.

Highlights include:

Consolidated net income of $81.0 million, compared with $75.8 million in the first-quarter of fiscal 2020Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $44.7 million, or $0.46 per share, compared with $34.9 million, or $0.38 per share, in the first quarter of... More