RGCO - RGC Resources Inc. Misses Q2 Earnings and Revenue Estimates | Benzinga
RGC Resources Inc. (NASDAQ: RGCO) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.08%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.50, delivering a surprise of 28.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
RGC Resources, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $32.66 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 3.94%. This compares to year-ago revenues of $38.03 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
RGC Resources shares have ...