Unitil (UTL) got here out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.09 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 100%. 1 / 4 in the past, it was anticipated that this utility would submit earnings of $0.23 per share when it truly produced earnings of $0.27, delivering a shock of 17.39%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Unitil
The sustainability of the inventory’s fast value motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Unitil shares have added about 7.1% for the reason that starting of the 12 months versus the S&P 500’s acquire of 20.1%.
What’s Subsequent for Unitil?
Whereas Unitil has underperformed the market thus far this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Unitil: blended. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.95 on $145 million in revenues for the approaching quarter and $2.92 on $535 million in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Utility – Electrical Energy is at the moment within the high 38% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, Consolidated Edison (ED), has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 7.
This utility is anticipated to submit quarterly earnings of $1.56 per share in its upcoming report, which represents a year-over-year change of -3.7%. The consensus EPS estimate for the quarter has been revised 7% increased during the last 30 days to the present degree.
Consolidated Edison’s revenues are anticipated to be $4.02 billion, up 3.8% from the year-ago quarter.
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Unitil Corporation (UTL) : Free Stock Analysis Report
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