New Jersey Resources (NJR) Earnings: 4Q Operating Revenue Surpasses Estimates with Strong Growth and Optimistic 2025 Guidance

New Jersey Resources on Smartkarma

Analysts at Baptista Research have been closely monitoring New Jersey Resources Corporation on Smartkarma, an independent investment research network. In their report on “Adapting To Market Conditions & Dealing With Regulatory Compliance Challenges”, they highlighted NJR’s solid performance in the Fiscal 2024 Third Quarter, meeting management expectations and on track to achieve its NFEPS guidance. Positive aspects include growth in New Jersey Natural Gas and revenue growth in Clean Energy Ventures. Baptista Research aims to assess various factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow method.

Furthermore, in the report “Initiation of Coverage – Infrastructure Expansion and Capital Investments Driving Growth!”, Baptista Research commended New Jersey Resources for its strong momentum in fiscal 2024, supported by second-quarter results. Notably, NJR reported net financial earnings of $1.41 per share and reaffirmed its guidance range for the fiscal year. The outperformance was attributed to robust contributions from the Energy Services segment, showcasing the company’s solid financial standing and growth potential as it undertakes infrastructure expansion and capital investments.

A look at New Jersey Resources Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investment analysts utilizing the Smartkarma Smart Scores have painted a positive long-term outlook for New Jersey Resources, a company providing retail and wholesale energy services. With a solid score of 4 in Dividend and Growth, the company indicates strong potential for steady returns and expansion opportunities. Moreover, the top score of 5 in Momentum suggests that New Jersey Resources is currently exhibiting a robust uptrend in performance, further bolstering its outlook.

Despite a slightly lower score of 2 in Resilience, New Jersey Resources‘ overall outlook remains promising, especially considering its established presence in serving customers from the Gulf Coast to New England and Canada through its subsidiary, New Jersey Natural Gas Co. The company’s balanced Smartkarma Smart Scores position it well for continued growth and stability in the competitive energy market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma