On February 14, 2024, NorthWestern (NASDAQ: NWE) is set to release its quarterly earnings report. Analysts have projected an earnings per share (EPS) estimate of $1.17 for this quarter. This report holds significant importance for investors as they will be looking for both an earnings beat and positive guidance for future growth. It’s worth noting that the company’s guidance can have a greater impact on the stock price than the earnings outcome itself.
To gain insight into NorthWestern’s earnings trend, let’s review its past performance in recent quarters:
– Q3 2023: The EPS estimate was $0.59, but the actual EPS came in at $0.49, resulting in a 2.27% drop in the share price the following day.
– Q2 2023: The EPS estimate was $0.54, but the actual EPS was $0.35, leading to a 2.88% decrease in the share price.
– Q1 2023: The company had an EPS estimate of $1.12, but the actual EPS reported was $1.05, causing a minor share price decrease of 0.59%.
– Q4 2022: The EPS estimate was $1.16, and the actual EPS stood at $1.13, resulting in a 2.74% increase in the share price.
As of February 12, NorthWestern’s shares were trading at $47.59. Over the past 52 weeks, the stock has experienced a decline of 17.56%, indicating a period of negative returns for long-term shareholders. This emphasizes the significance of the upcoming earnings report for investors who are seeking signs of a potential turnaround or continued challenges.
Analysts anticipate that NorthWestern will report a year-over-year increase in earnings, driven by higher revenues for the quarter ending in December 2023. The consensus EPS estimate is $1.19, reflecting a 5.3% change from the previous year, with expected revenues of $443.27 million, a 4.3% increase from the year-ago quarter. Notably, the consensus EPS estimate has been revised 7.83% higher over the last 30 days, indicating a positive sentiment among analysts regarding NorthWestern’s performance.
Investors and analysts will closely monitor NorthWestern’s earnings report, paying attention not only to the actual earnings figures but also to any forward-looking statements or guidance provided by the company’s management. These insights will be vital in assessing the company’s future prospects and their potential impact on its stock price.
Understanding the Decline in NWE Stock: Factors, Analysis, and Investment Considerations
On February 13, 2024, NWE stock experienced a decline in its price momentum, trading near the bottom of its 52-week range and below its 200-day simple moving average. The price of NWE shares dropped by $1.22 since the market last closed, representing a decrease of 2.56%. The stock opened at $47.15, $0.44 lower than its previous close. Investors may be interested in understanding the reasons behind this decline in NWE stock, which could be attributed to factors such as disappointing financial results, negative news about the company, or broader market trends impacting the energy sector. It is important for investors to conduct thorough research and analysis before making any investment decisions, considering the overall financial health and long-term prospects of NWE. Consulting with a financial advisor or conducting further research is advisable to gain a comprehensive understanding of the company’s fundamentals and future outlook.
NWE Stock Performance: Positive Revenue Growth, Net Income Increase, and Earnings per Share Rise on February 13, 2024
NWE Stock Performance on February 13, 2024
Total Revenue Growth:
NWE’s total revenue for the past year stood at $1.48 billion, representing a 7.69% increase compared to the previous year. Additionally, the total revenue for the most recent quarter, Q3, amounted to $321.09 million, reflecting a 10.53% increase compared to the previous quarter.
Net Income Performance:
The net income for NWE over the past year was reported as $183.01 million. However, the net income for the most recent quarter, Q3, reached $29.34 million, representing a substantial increase of 53.39% compared to the previous quarter.
Earnings per Share Analysis:
NWE’s earnings per share (EPS) for the past year were reported as $3.25. However, the EPS for the most recent quarter, Q3, was reported as $0.48. This represents a robust increase of 51.8% compared to the previous quarter.
Overall, NWE’s stock performance on February 13, 2024, showcased positive trends in terms of revenue growth, net income, and earnings per share. The company experienced steady growth in total revenue, with a notable acceleration in the most recent quarter. Although the net income remained flat on an annual basis, it witnessed a remarkable increase during Q3. Similarly, the earnings per share declined over the past year but exhibited substantial growth during the most recent quarter.
These financial indicators suggest that NWE has been able to effectively navigate the market conditions, capitalize on opportunities, and drive profitability. Investors may view these positive trends as a sign of the company’s resilience and potential for future growth. However, it is crucial to consider other factors such as market conditions, industry trends, and competition before making any investment decisions.
