Published on 12 Aug 2023 on Simply Wall St. via Yahoo Finance
Earnings Beat: Artesian Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been...
Investors in Artesian Resources Corporation (NASDAQ:ARTN.A) had a good week, as its shares rose 2.6% to close at US$46.47 following the release of its quarterly results. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$25m, statutory earnings beat expectations by a notable 19%, coming in at US$0.44 per share. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.
Check out our latest analysis for Artesian Resources
