New Jersey Resources Future Growth
Future criteria checks 1/6
New Jersey Resources is forecast to grow earnings and revenue by 5.4% and 3.9% per annum respectively. EPS is expected to grow by 4.8% per annum. Return on equity is forecast to be 13.4% in 3 years.
Key information
5.4%
Earnings growth rate
4.8%
EPS growth rate
| Gas Utilities earnings growth | 15.4% |
| Revenue growth rate | 3.9% |
| Future return on equity | 13.4% |
| Analyst coverage | Good |
| Last updated | 17 Apr 2025 |
Recent future growth updates
New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Nov 29
New Jersey Resources Corporation Just Recorded A 7.5% EPS Beat: Here's What Analysts Are Forecasting Next
May 10Recent updates
Is New Jersey Resources (NYSE:NJR) A Risky Investment?
Apr 01New Jersey Resources (NYSE:NJR) Might Have The Makings Of A Multi-Bagger
Mar 19With EPS Growth And More, New Jersey Resources (NYSE:NJR) Makes An Interesting Case
Mar 05Increases to CEO Compensation Might Be Put On Hold For Now at New Jersey Resources Corporation (NYSE:NJR)
Jan 14New Jersey Resources Corporation's (NYSE:NJR) Intrinsic Value Is Potentially 30% Above Its Share Price
Dec 25New Jersey Resources' (NYSE:NJR) Dividend Will Be $0.45
Dec 10New Jersey Resources Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Nov 29New Jersey Resources (NYSE:NJR) Will Pay A Dividend Of $0.45
Nov 26New Jersey Resources Corporation's (NYSE:NJR) Popularity With Investors Is Clear
Nov 04New Jersey Resources: Still A Buy After Its Recent Dividend Hike
Oct 11Returns Are Gaining Momentum At New Jersey Resources (NYSE:NJR)
Sep 11
NJR's Tactical Shift To Clean Energy And Efficiency Aims For Robust Growth And Stability
Aug 31 Anticipated resolution of rate case by end of 2024 may stabilize the regulatory environment and improve financial stability, enhancing investor confidence.Is New Jersey Resources (NYSE:NJR) Using Too Much Debt?
Aug 25Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Jul 29Getting In Cheap On New Jersey Resources Corporation (NYSE:NJR) Is Unlikely
Jul 15New Jersey Resources: This Dividend Champion Looks Like A Buy Right Now
Jul 10Returns On Capital Are Showing Encouraging Signs At New Jersey Resources (NYSE:NJR)
May 28New Jersey Resources Corporation Just Recorded A 7.5% EPS Beat: Here's What Analysts Are Forecasting Next
May 10Estimating The Intrinsic Value Of New Jersey Resources Corporation (NYSE:NJR)
Apr 26New Jersey Resources Corporation: Fantastic Dividend Payer Likely To Stay That Way
Feb 15New Jersey Resources: Waiting For That Valuation "HOLD"
Nov 03New Jersey Resources Corporation: Solid Business But Pricey
Aug 23New Jersey Resources: Rate Base Expansion Key To Sustained Dividend
Aug 16New Jersey Resources: Distribution Growth Creating Margin Expansion
May 29Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 9/30/2027 | 2,002 | 344 | 41 | 588 | 4 |
| 9/30/2026 | 1,922 | 311 | -73 | 532 | 4 |
| 9/30/2025 | 1,855 | 318 | -290 | 438 | 4 |
| 12/31/2024 | 1,818 | 332 | -186 | 372 | N/A |
| 9/30/2024 | 1,797 | 290 | -96 | 427 | N/A |
| 6/30/2024 | 1,732 | 236 | -61 | 454 | N/A |
| 3/31/2024 | 1,721 | 249 | 1 | 474 | N/A |
| 12/31/2023 | 1,707 | 238 | 147 | 614 | N/A |
| 9/30/2023 | 1,963 | 265 | -21 | 479 | N/A |
| 6/30/2023 | 2,397 | 282 | -22 | 476 | N/A |
| 3/31/2023 | 2,685 | 294 | -185 | 336 | N/A |
| 12/31/2022 | 2,954 | 280 | -271 | 272 | N/A |
| 9/30/2022 | 2,906 | 275 | -236 | 323 | N/A |
| 6/30/2022 | 2,673 | 219 | -311 | 285 | N/A |
| 3/31/2022 | 2,488 | 94 | -272 | 365 | N/A |
| 12/31/2021 | 2,378 | 148 | -313 | 322 | N/A |
| 9/30/2021 | 2,157 | 118 | -183 | 391 | N/A |
| 6/30/2021 | 2,024 | 152 | -125 | 372 | N/A |
| 3/31/2021 | 1,956 | 244 | -70 | 391 | N/A |
| 12/31/2020 | 1,793 | 168 | -136 | 288 | N/A |
| 9/30/2020 | 1,954 | 163 | -235 | 213 | N/A |
| 6/30/2020 | 2,033 | 148 | -306 | 211 | N/A |
| 3/31/2020 | 2,169 | 159 | -314 | 201 | N/A |
| 12/31/2019 | 2,395 | 159 | -263 | 256 | N/A |
| 9/30/2019 | 2,592 | 124 | -292 | 194 | N/A |
| 6/30/2019 | 2,760 | 135 | -253 | 172 | N/A |
| 3/31/2019 | 2,869 | 129 | -131 | 258 | N/A |
| 12/31/2018 | 3,022 | 196 | -51 | 317 | N/A |
| 9/30/2018 | 2,915 | 233 | N/A | 398 | N/A |
| 6/30/2018 | 2,804 | 213 | N/A | 418 | N/A |
| 3/31/2018 | 2,718 | 246 | N/A | 389 | N/A |
| 12/31/2017 | 2,433 | 221 | N/A | 271 | N/A |
| 9/30/2017 | 2,269 | 132 | N/A | 248 | N/A |
| 6/30/2017 | 2,201 | 194 | N/A | 269 | N/A |
| 3/31/2017 | 2,137 | 158 | N/A | 196 | N/A |
| 12/31/2016 | 1,978 | 116 | N/A | 133 | N/A |
| 9/30/2016 | 1,881 | 132 | N/A | 143 | N/A |
| 6/30/2016 | 1,850 | 110 | N/A | 105 | N/A |
| 3/31/2016 | 1,915 | 120 | N/A | 182 | N/A |
| 12/31/2015 | 2,354 | 108 | N/A | 314 | N/A |
| 9/30/2015 | 2,734 | 181 | N/A | 391 | N/A |
| 6/30/2015 | 2,888 | 152 | N/A | 363 | N/A |
| 3/31/2015 | 3,117 | 146 | N/A | 300 | N/A |
| 12/31/2014 | 3,684 | 258 | N/A | 466 | N/A |
| 9/30/2014 | 3,738 | 142 | N/A | 358 | N/A |
| 6/30/2014 | 3,880 | 146 | N/A | 365 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NJR's forecast earnings growth (5.4% per year) is above the savings rate (2.8%).
Earnings vs Market: NJR's earnings (5.4% per year) are forecast to grow slower than the US market (13.9% per year).
High Growth Earnings: NJR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NJR's revenue (3.9% per year) is forecast to grow slower than the US market (8.1% per year).
High Growth Revenue: NJR's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NJR's Return on Equity is forecast to be low in 3 years time (13.4%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/25 05:17 |
| End of Day Share Price | 2025/04/25 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Analyst Sources
New Jersey Resources Corporation is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gary Hovis | Argus Research Company |
| Jim Harmon | Barclays |
| Richard Gross | Barclays |