Spire Inc. (NYSE: SR) Shows Positive Analyst Outlook and Anticipated Earnings Beat
Spire Inc. (NYSE: SR) is a key player in the natural gas industry in the United States. The company focuses on the purchase, retail distribution, and sale of natural gas to various end-users. It operates through two main segments: Gas Utility and Gas Marketing. Spire also engages in the transportation of propane, compression of natural gas, risk management, and provides physical natural gas storage services.
The consensus price target for Spire's stock has shown a steady upward trend over the past year. A year ago, the average price target was $79.75, which increased to $80.5 last quarter, and most recently, it has risen to $81. This gradual increase suggests a positive outlook from analysts regarding Spire's stock performance. As highlighted by Wells Fargo, the price target of $81 reflects confidence in the company's potential during the upcoming earnings cycle.
Spire is anticipated to surpass earnings estimates in its upcoming report, as noted by Zacks. The company is believed to have the right combination of factors that could lead to an earnings beat. This expectation aligns with the consistent rise in the target price, indicating confidence in Spire's operations and potential growth in the natural gas sector.
Investors and stakeholders may find this information useful as it reflects the market's perception and expectations for Spire's future performance. The company has announced a conference call and webcast on August 5 to discuss its fiscal 2025 third-quarter financial results and earnings guidance. This event will provide further insights into Spire's performance and future prospects.
| Symbol | Price | %chg |
|---|---|---|
| PGAS.JK | 1655 | 0 |
| RAJA.JK | 2920 | 0 |
| 036460.KS | 40600 | 0.86 |
| 9531.T | 5724 | 0.49 |
Spire Inc. (NYSE: SR) Fourth-Quarter Earnings Overview
- Spire Inc. (NYSE:SR) reported a fourth-quarter loss of $0.54 per share, missing the estimated loss of $0.52.
- Fourth-quarter revenue was $293.8 million, falling short of the Zacks Consensus Estimate by 7.4%.
- Fiscal year 2024 adjusted earnings were $4.13 per share, indicating a 2% year-over-year increase.
Spire Inc. (NYSE:SR), a utility company operating in the gas distribution industry, provides natural gas services to a variety of customers. Despite facing competition within the sector, Spire reported its fourth-quarter earnings on November 20, 2024, revealing a loss of $0.54 per share, slightly below the estimated loss of $0.52.
The reported earnings per share (EPS) of -$0.54 was an improvement from the previous year's loss of $0.78 per share. However, the earnings report reflected a negative earnings surprise of 3.85%, as highlighted by Zacks. In contrast, the previous quarter saw a positive earnings surprise of 22.22%, with a reported loss of $0.14 per share against an expected loss of $0.18.
Spire's revenue for the quarter was $293.8 million, which fell short of the Zacks Consensus Estimate of $317 million by 7.4%. This represents a 5.3% decrease from the $310.4 million reported in the same quarter last year. Over the past four quarters, Spire has exceeded consensus revenue estimates twice, despite the recent shortfall.
For the entire fiscal year 2024, Spire's total revenues amounted to $2.59 billion, down 2.7% from $2.67 billion in fiscal 2023. However, the company reported fiscal 2024 adjusted earnings of $4.13 per share, up from $4.05 in fiscal 2023, marking a 2% year-over-year increase. This indicates some positive momentum in its annual performance.
Spire's financial metrics include a price-to-earnings (P/E) ratio of approximately 15.73 and a price-to-sales ratio of about 1.52. The enterprise value to sales ratio is around 1.90, and the enterprise value to operating cash flow ratio is approximately 5.70. The company has a debt-to-equity ratio of about 0.31, indicating moderate debt levels, and a current ratio of 0.45, reflecting its ability to cover short-term liabilities.
Spire Inc. (NYSE: SR) Fourth-Quarter Earnings Overview
- Spire Inc. (NYSE:SR) reported a fourth-quarter loss of $0.54 per share, missing the estimated loss of $0.52.
- Fourth-quarter revenue was $293.8 million, falling short of the Zacks Consensus Estimate by 7.4%.
- Fiscal year 2024 adjusted earnings were $4.13 per share, indicating a 2% year-over-year increase.
Spire Inc. (NYSE:SR), a utility company operating in the gas distribution industry, provides natural gas services to a variety of customers. Despite facing competition within the sector, Spire reported its fourth-quarter earnings on November 20, 2024, revealing a loss of $0.54 per share, slightly below the estimated loss of $0.52.
The reported earnings per share (EPS) of -$0.54 was an improvement from the previous year's loss of $0.78 per share. However, the earnings report reflected a negative earnings surprise of 3.85%, as highlighted by Zacks. In contrast, the previous quarter saw a positive earnings surprise of 22.22%, with a reported loss of $0.14 per share against an expected loss of $0.18.
Spire's revenue for the quarter was $293.8 million, which fell short of the Zacks Consensus Estimate of $317 million by 7.4%. This represents a 5.3% decrease from the $310.4 million reported in the same quarter last year. Over the past four quarters, Spire has exceeded consensus revenue estimates twice, despite the recent shortfall.
For the entire fiscal year 2024, Spire's total revenues amounted to $2.59 billion, down 2.7% from $2.67 billion in fiscal 2023. However, the company reported fiscal 2024 adjusted earnings of $4.13 per share, up from $4.05 in fiscal 2023, marking a 2% year-over-year increase. This indicates some positive momentum in its annual performance.
Spire's financial metrics include a price-to-earnings (P/E) ratio of approximately 15.73 and a price-to-sales ratio of about 1.52. The enterprise value to sales ratio is around 1.90, and the enterprise value to operating cash flow ratio is approximately 5.70. The company has a debt-to-equity ratio of about 0.31, indicating moderate debt levels, and a current ratio of 0.45, reflecting its ability to cover short-term liabilities.
