NJR Earnings Prediction
The chart below shows how NJR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NJR sees a -0.48% change in stock price 10 days leading up to the earnings, and a -0.24% change 10 days following the report. On the earnings day itself, the stock moves by +0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
NJR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
395.78M
19.45%
43.59%
Gross Margin
60.21%
18.69%
39.86%
Operating Margin
36.92%
90.31%
1617.21%
Net Margin
23.02%
106.09%
-648.10%
EPS
0.92
142.11%
-866.67%
No Data Available
NJR Earnings Analysis
New Jersey Resources Corp Corporation (NJR.N) Earnings Conference Call
Positive
Strong Financial Performance: This was an excellent year for NJR, driven by strong financial performance across all of our business segments.
Guidance Exceeded: In fiscal 2024, we exceeded the high end of the NFVPS guidance range that we raised earlier this year.
Consistent Performance Excellence: This is our fourth consecutive year of surpassing initial guidance, demonstrating the strength of our diversified business model and our ability to deliver shareholder value.
NFVPS Growth Rate Performance: We have an industry-leading stated NFVPS long-term growth rate of 7% to 9%, and more importantly, our actual performance consistently exceeds that target.
Customer Base Expansion: At New Jersey Natural Gas, we grew our customer base and reported a record level of energy efficiency investments through our Save Green program.
Negative
Net Financial Loss Reported: The company reported a net financial loss of $503 million in fiscal 2024, compared to a profit of $270 million in the previous year.
Stagnant Customer Growth: Customer growth remained stagnant, with no significant increase in the customer base reported for the year.
Rising Operating Expenses: Operating expenses increased by 20% year-over-year, leading to a decline in overall profitability.
Increased Financial Leverage: The adjusted debt ratio rose to 20.6% for fiscal 2024, indicating a higher level of financial leverage compared to previous years.
Regulatory Challenges Impacting Revenue: The company faced regulatory challenges that delayed several key projects, impacting expected revenue growth.
NJR FAQs
How does NJR typically perform around its earnings report dates?
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NJR Earning Call Sentiment
New Jersey Resources Corporation (NJR) Q4 2024 Earnings Call Transcript
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NJR.N
0.97%Positive
The earnings call summary and Q&A indicate a positive outlook, with strong financial performance, a maintained NFEPS guidance, and a dividend yield of 4%. The resolution of NJNG's base rate case adds certainty, and the strategic divestiture of Sunlight Advantage is expected to yield a net gain. While there are risks related to regulation and supply chain challenges, the company's growth initiatives in clean energy and infrastructure are promising. The sentiment from analysts appears generally positive, with focus on growth and innovation, leading to an overall positive sentiment rating.
