NorthWestern Corporation (NYSE:NWE) is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.63 per share.
Looking ahead, the full year income are expected at $ 3.33 per share on the revenues of $ 1253.83 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.30 ~ $ 3.45 per share
Click Here For More Historical Outlooks Of NorthWestern Corporation
Previous Quarter Performance
NorthWestern Corporation unwinded income for the second quarter of $ 0.42 per share, from the revenue of $ 269.36 million. The quarterly earnings declined 16.00 percent while revenues decreased 0.50 percent compared with the same quarter last year.
According to street consensus, NWE was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 257.28 million. The bottom line results missed street analysts by $ 0.13 or 23.64 percent, at the same time, top line results outshined analysts by $ 12.08 million or 4.70 percent.
Stock Performance
Shares of NorthWestern Corporation traded up $ 0.09 or 0.18 percent on Tuesday, reaching $ 50.90 with volume of 153.50 thousand shares. NorthWestern Corporation has traded high as $ 51.35 and has cracked $ 50.37 on the downward trend
The closing price of $ 50.90, representing a 7.13 % increase from the 52 week low of $ 47.43 and a 22.29 % decrease over the 52 week high of $ 65.38.
The company has a market capital of $ 2.57 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Barclays to Overweight from Equal-Weight rating, with $ 59.00 target price.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.60 per share to holders of record as of the close of business on September 15, 2020, with payment date of September 30, 2020 and ex-dividend date on September 14, 2020.
Conference Call
NorthWestern Corporation will be hosting a conference call at 3:30 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.northwesternenergy.com
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
