SR's first-quarter fiscal 2025 earnings are lower than expected, and revenues decrease year over year.
Although the revenue and EPS for Spire (SR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Spire (SR) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.47 per share a year ago.
Spire (SR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Spire Global is rated a Buy due to its potential in generative AI and satellite data integration, despite recent financial uncertainties. The sale of the maritime business and debt elimination have nearly doubled the stock's value, reducing major risks. Future growth is anticipated in Aviation, Weather, and Space Services segments, with potential positive cash flows from new contracts in the last two quarters.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SR is expected to benefit from its systematic investments to strengthen infrastructure and rising demand from its growing customer base.
Spire Inc. is a regulated natural gas utility serving Missouri, Mississippi, and Alabama, offering a high 4.71% dividend yield, appealing to income-focused investors. Despite a 2.75% YoY revenue decline, Spire's operating income grew by 16.44% due to lower natural gas prices, showcasing financial stability. Spire's growth strategy includes a $3.5 billion capital spending program from 2025 to 2029, aiming for a 5%-7% annual earnings growth rate.
SR is expected to benefit from its systematic investment plan to strengthen infrastructure and higher demand from its expanding customer base.
Spire Inc. SR reported a loss for the fourth quarter on Wednesday.
Spire Inc. (NYSE:SR ) Q4 2024 Earnings Conference Call November 20, 2024 9:00 AM ET Company Participants Megan McPhail - Managing Director, Investor Relations Steve Lindsey - President and Chief Executive Officer Steven Rasche - Executive Vice President and Chief Financial Officer Scott Doyle - Executive Vice President and Chief Operating Officer Adam Woodard - Vice President and Treasurer Conference Call Participants Richard Sunderland - JP Morgan James Ward - Jefferies Christopher Jeffrey - Mizuho Securities Bill Appicelli - UBS Operator Good morning, everyone, and Welcome to the Spire Inc. Q4 Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.