We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unveiling Spire (SR) Q4 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Spire (SR - Free Report) will report quarterly loss of $0.52 per share in its upcoming release, pointing to a year-over-year increase of 33.3%. It is anticipated that revenues will amount to $317.32 million, exhibiting an increase of 2.2% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Spire metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Operating Revenues- Gas Marketing' reaching $16.02 million. The estimate suggests a change of -24.8% year over year.
Analysts expect 'Operating Revenues- Gas Utility' to come in at $277.74 million. The estimate indicates a year-over-year change of -1.4%.
Analysts forecast 'Operating Revenues- Midstream' to reach $23.06 million. The estimate points to a change of +35.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Operating Revenues- Other' should come in at $3.49 million. The estimate suggests a change of -19% year over year.
The collective assessment of analysts points to an estimated 'Operating Income- Gas Marketing' of $10.34 million. The estimate is in contrast to the year-ago figure of $12.60 million.
The consensus estimate for 'Operating Income- Midstream' stands at $11.07 million. The estimate compares to the year-ago value of $3.20 million.
Spire shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's +1.6% move. With a Zacks Rank #3 (Hold), SR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unveiling Spire (SR) Q4 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Spire (SR - Free Report) will report quarterly loss of $0.52 per share in its upcoming release, pointing to a year-over-year increase of 33.3%. It is anticipated that revenues will amount to $317.32 million, exhibiting an increase of 2.2% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 1.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Spire metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Operating Revenues- Gas Marketing' reaching $16.02 million. The estimate suggests a change of -24.8% year over year.
Analysts expect 'Operating Revenues- Gas Utility' to come in at $277.74 million. The estimate indicates a year-over-year change of -1.4%.
Analysts forecast 'Operating Revenues- Midstream' to reach $23.06 million. The estimate points to a change of +35.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Operating Revenues- Other' should come in at $3.49 million. The estimate suggests a change of -19% year over year.
The collective assessment of analysts points to an estimated 'Operating Income- Gas Marketing' of $10.34 million. The estimate is in contrast to the year-ago figure of $12.60 million.
The consensus estimate for 'Operating Income- Midstream' stands at $11.07 million. The estimate compares to the year-ago value of $3.20 million.
View all Key Company Metrics for Spire here>>>
Spire shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's +1.6% move. With a Zacks Rank #3 (Hold), SR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>