National Fuel Gas Company (NFG - Free Report) posted fourth-quarter fiscal 2019 operating earnings of 54 cents per share, beating the Zacks Consensus Estimate of 53 cents by 1.89%. Also, the bottom line rose 10.2% from the year-ago quarter’s figure of 49 cents.
Total Revenues
Total revenues of $293 million missed the Zacks Consensus Estimate of $340 million by 13.8%. However, the top line increased 1.4% from the prior-year figure of $289 million.
The year-over-year improvement can be primarily attributed to strong contribution from the Exploration and Production segment. However, lower contribution from Pipeline and Storage, Gathering, Utility as well as Energy Marketing businesses marginally offset the positives.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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National Fuel Gas Company (NFG - Free Report) posted fourth-quarter fiscal 2019 operating earnings of 54 cents per share, beating the Zacks Consensus Estimate of 53 cents by 1.89%. Also, the bottom line rose 10.2% from the year-ago quarter’s figure of 49 cents.
Total Revenues
Total revenues of $293 million missed the Zacks Consensus Estimate of $340 million by 13.8%. However, the top line increased 1.4% from the prior-year figure of $289 million.
The year-over-year improvement can be primarily attributed to strong contribution from the Exploration and Production segment. However, lower contribution from Pipeline and Storage, Gathering, Utility as well as Energy Marketing businesses marginally offset the positives.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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