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Stock impact report

News Flash: Analysts Just Made A Sizeable Upgrade To Their New Jersey Resources Corporation (NYSE:NJR) Forecasts [Yahoo! Finance]

NewJersey Resources Corporation (NJR) 
Last newjersey resources corporation earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.njresources.com
Company Research Source: Yahoo! Finance
The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. Following the upgrade, the most recent consensus for New Jersey Resources from its six analysts is for revenues of US$2.4b in 2024 which, if met, would be a substantial 23% increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing US$2.1b of revenue in 2024. It looks like there's been a clear increase in optimism around New Jersey Resources, given the nice gain to revenue forecasts. Check out our latest analysis for New Jersey Resources We'd point out that there was no major changes to their price target of US$48.00, suggesting the latest estimates were not enough to shift their view on the value of the business. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One thing stands o Show less Read more
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