Essential Utilities Inc reports results for the quarter ended in September 30 - Earnings Summary

• Essential Utilities Inc WTRG.N reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of eight analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 22 cents to 26 cents per share.

• Revenue rose 5.8% to $435.26 million from a year ago; analysts expected $416.91 million.

• Essential Utilities Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $69.4 million.

• Essential Utilities Inc shares had risen by 0.2% this quarter and gained 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the water & related utilities peer group is also "buy"

Wall Street's median 12-month price target for Essential Utilities Inc is $45.00

This summary was machine generated from LSEG data November 5 at 07:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING	ESTIMATE	ACTUAL	BEAT, MET, MISSED
Sep. 30 2024	0.24	0.25	Beat
Jun. 30 2024	0.30	0.28	Missed
Mar. 31 2024	0.77	0.97	Beat
Dec. 31 2023	0.50	0.50	Met