J.P. Morgan maintains a Neutral rating on NFG at $81.00. Second-quarter production expected to exceed consensus by 6%. FY25 EPS forecast of $7.43, above company guidance. Active share buyback program, $34 million planned this quarter. 20% CAGR projected for EPS through 2027.
- NFG reported adjusted operating earnings of $1.79 per share, exceeding estimates by 26.9%. - Total revenues were $629.9 million, missing estimates by 7.2% and declining by 12.2%. - The company lowered its fiscal 2024 earnings projection and capital expenditure guidance. - Interest expenses increased to $28.5 million, up 3.3% from the prior year. - The Exploration & Production segment saw a 10% increase in natural gas production. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Wall Street expects NFG's earnings to decline year-over-year in March 2024. - Quarterly earnings forecasted at $1.41/share, down 8.4% from previous year. - Estimate revisions trend indicates analysts have collectively reassessed their initial estimates. - Earnings surprise history indicates NFG has beaten consensus EPS estimates two times. - Earnings beat may not guarantee stock price increase due to other factors. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis