MDU Resources Group Earnings: Here’s Why Investors are Happy Now
MDU Resources Group Inc. (NYSE:MDU) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.2%.
MDU Resources Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 57.89% to $0.30 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 9.24% to $931.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MDU Resources Group Inc. reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $899.3 million.
Quoting Management: “This is our strongest first quarter performance since 2008,” said David L. Goodin, president and chief executive officer of MDU Resources. “All of our businesses are performing well and are executing their growth plans.”
Key Stats (on next page)…