Northwestern Corp Down 1.20% To $51.30 After Earnings Miss

NorthWestern Corp (NWE) missed earnings projections on 10/24/2022 for Q3 2022.

Northwestern Corp's earnings came in at an EPS of $0.42 per share, 32% lower than estimates for an EPS of $0.62 per share. The firm's earnings are down 35% since reporting $0.65 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $335.1 million. That is an increase of 2.81% in revenues from the year-ago report and is 8.80% higher than consensus estimates set at $308 million.

The stock is down 1.20% to $51.30 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Northwestern Corp a Bearish Sentiment Rank from InvestorsObserver.

Northwestern Corp has performed a little below average during the past few months. Before the report, Northwestern Corp received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $49.05 on September 30, 2022 and set a 52-week high on April 21, 2022 at $63.06.

NorthWestern Corp provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The primary segments of the company include Electric operations, which includes the generation, purchase, transmission and distribution of electricity, and Natural Gas operations, which includes the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, in order to generate power. The company derives the majority of retail electric utility revenue from commercial and residential sales.