India, Feb. 6 -- While reporting financial results for the first quarter on Tuesday, New Jersey Resources Corp. (NJR) raised its net financial earnings or NFE guidance for the full-year 2024, due to a strong performance from Energy Services in January 2024 as it benefited from natural gas price volatility.
For fiscal 2024, the company now projects NFE in a range of $2.85 to $3.00 per share, up from the previously announced range of $2.70 to $2.85 per share.
On average, six analysts polled by Thomson Reuters expect the company to report earnings of $2.78 per share for the year. Analysts' estimates typically exclude special items.
The company maintained its long-term projected NFE per share growth rate of 7 to 9 percent.
For the first qua...