New Jersey Resources (NJR) Tops Q2 Earnings and Revenue Estimates

Company Performance - New Jersey Resources (NJR) reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of$ 1.65 per share, and up from $1.40 per share a year ago, representing an earnings surprise of 6.67% [1] - The company posted revenues of$ 913.03 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 24.78%, compared to year-ago revenues of $657.91 million [2] - Over the last four quarters, NJR has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - NJR shares have increased approximately 6.2% since the beginning of the year, while the S&P 500 has declined by 3.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$ 0.07 on revenues of $292.42 million, and for the current fiscal year, it is$ 3.14 on revenues of $1.86 billion [7] Industry Outlook - The Utility - Gas Distribution industry, to which NJR belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]