MDU Resources Group (MDU - Free Report) is slated to release fourth-quarter 2021 results on Feb 10 before the market opens. MDU Resources delivered a negative earnings surprise of 13.92% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
MDU Resources’ fourth-quarter earnings are likely to have benefited from strong demand from its increasing electric and natural gas customer volume. The acquisition of Baker Rock Resources and Oregon Mainline Paving during the fourth-quarter is expected to have been accretive to earnings.
MDU Resources’ fourth-quarter results are likely to be adversely impacted by an increase in operating and maintenance expenses in the electric and natural gas distribution segment.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a decline of 1.79% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for MDU this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
MDU Resources Group, Inc. Price and EPS Surprise
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MDU Resources Group (MDU - Free Report) is slated to release fourth-quarter 2021 results on Feb 10 before the market opens. MDU Resources delivered a negative earnings surprise of 13.92% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
MDU Resources’ fourth-quarter earnings are likely to have benefited from strong demand from its increasing electric and natural gas customer volume. The acquisition of Baker Rock Resources and Oregon Mainline Paving during the fourth-quarter is expected to have been accretive to earnings.
MDU Resources’ fourth-quarter results are likely to be adversely impacted by an increase in operating and maintenance expenses in the electric and natural gas distribution segment.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a decline of 1.79% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for MDU this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below.
MDU Resources Group, Inc. Price and EPS Surprise
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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