NorthWestern Corporation (NYSE:NWE) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.55 per share.
Looking ahead, the full year income are expected at $ 3.39 per share on the revenues of $ 1247.51 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.30 ~ $ 3.45 per share
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Previous Quarter Performance
NorthWestern Corporation disclosed income for the first quarter of $ 1.06 per share, from the revenue of $ 335.25 million. The quarterly earnings down 13.82 percent while revenues lowered 12.75 percent compared with the same quarter last year.
According to street consensus, NWE was expected to report 1Q20 income of $ 1.24 per share from revenue of $ 382.63 million. The bottom line results missed street analysts by $ 0.18 or 14.52 percent, at the same time, top line results fell short of analysts by $ 47.38 million or 12.38 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NWE was $ 54.04, representing a 19.93 % increase from the 52 week low of $ 45.06 and a 32.89 % decrease over the 52 week high of $ 80.52.
The company has a market capital of $ 2.73 billion and is part of the Utilities sector and Utilities – Diversified industry.
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Recent Analyst recommendations
- On 17th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 63.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.60 per share on April 22, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
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.
