New Jersey
Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher
Shareholders in New Jersey Resources Corporation (NYSE:NJR) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.
Following the upgrade, the latest consensus from New Jersey Resources’ six analysts is for revenues of US$2.4b in 2024, which would reflect a major 23% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$2.1b in 2024. It looks like there’s been a clear increase in optimism around New Jersey Resources, given the nice increase in revenue forecasts.
See our latest analysis for New Jersey Resources
We’d point out that there was no major changes to their price target of US$48.00, suggesting the latest estimates were not enough to shift their view on the value of the business.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. One thing stands out from these estimates, which is that New Jersey Resources is forecast to grow faster in the future than it has in the past, with revenues expected to display 23% annualised growth until the end of 2024. If achieved, this would be a much better result than the 1.9% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 5.0% annually. So it looks like New Jersey Resources is expected to grow faster than its competitors, at least for a while.
The Bottom Line
The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They’re also forecasting more rapid revenue growth than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at New Jersey Resources.
Using these estimates as a starting point, we’ve run a discounted cash flow calculation (DCF) on New Jersey Resources that suggests the company could be somewhat undervalued. You can learn more about our valuation methodology on our platform here.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
Valuation is complex, but we’re helping make it simple.
Find out whether New Jersey Resources is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
New Jersey
Water rescue in the ocean off Wildwood, New Jersey caught on video
WILDWOOD, N.J. (WPVI) — Multiple people were rescued from the ocean off Wildwood, New Jersey, over the weekend, and the rescue was caught on video.
It all happened around 7:45 p.m. Sunday on the beach near Schellenger Avenue.
In total, officials say nine people were saved.
The Wildwood Beach Patrol, which was among the responding agencies, posted video of the rescue on Facebook.
A woman who witnessed it all said she was struck by the act of bravery she witnessed.
“What I just experienced was just the most beautiful thing ever. These people just came out of nowhere – I’m talking about like Baywatch – out of nowhere, come out there and save those people in that water. It was so beautiful,” she said.
Officials are reminding beachgoers to only swim when lifeguards are present.
Copyright © 2026 WPVI-TV. All Rights Reserved.
New Jersey
Authorities offer $1,000 reward for tips in brutal stabbing of New Jersey mom | Fox News Video
Fox News national correspondent Bryan Llenas reports the latest details on the tragic murder of 35-year-old psychotherapist Brooke Hanlon, who was found stabbed to death in her Chester, New Jersey home as police continue to search for a suspect.
Fox News national correspondent Bryan Llenas breaks down the investigation into the murder of 35-year-old psychotherapist and new mother Brooke Hanlon in Chester Township, New Jersey. One month after emergency medical personnel responded to an anonymous 4:30 p.m. 911 call reporting a laceration to her chest, local authorities and the Morris County Prosecutor’s Office still have not identified any suspects or made any arrests.
New Jersey
I took my kids to this New Jersey hotel and stopped making fun of the state (for now)
Let’s start with some honesty: I love making fun of New Jersey.
The state is an easy target. After all, it sits right next to New York, which just so happens to be one of the coolest places on Earth, packed with world-class restaurants, iconic attractions and enough things to do to make its neighbor seem, at times, a little… expendable.
But after a few days in the Garden State, I’m here to admit that Jersey deserves more credit than I usually give it. It’s the birthplace of Bruce Springsteen, America’s patron saint of blue-collar rock. It’s also the diner capital of the world, with more than 600 diners serving disco fries, cheeseburgers and mile-long menus at practically any hour. And I’d be remiss not to mention that the world’s first boardwalk opened in Atlantic City back in 1870. In other words, the state isn’t exactly the cultural wasteland New Yorkers like to pretend it is.
While visiting, it hit me: certain parts of New Jersey aren’t trying to be New York and that’s exactly the state’s appeal. After spending a few days there with my kids, I realized the area works because it offers the opposite of the city’s nonstop energy. There’s room to breathe, fewer crowds and a pace that makes it surprisingly ideal for a quick family getaway when you need a break from everything New York is all about.
When brainstorming a quick pre-camp getaway, our requirements were surprisingly simple: with four little kids in tow, we didn’t want to spend half the vacation in the car or spend a staggering amount of money on flights. We needed a beach, a pool, family-friendly restaurants within walking distance and enough to do that we wouldn’t have to load four kids in the car every few hours.
Connecticut, Pennsylvania and upstate New York were all contenders. But after hearing rave reviews from friends—and knowing a few people with homes in Deal, New Jersey, the ultra-exclusive Jersey Shore enclave often dubbed the “Hamptons of New Jersey” (I’ll resist the jokes… for now)—we started looking at hotels nearby.
That’s how we landed on the Bungalow Hotel, a boutique property about two miles north of Deal that checked virtually every box.
Guests of Bungalow get full access to the pool and beach at its sister property, Wave Resort, just a five-minute walk away. (Wave has the splashier lobby, but its rooms are smaller and, with four kids, square footage is the real luxury.) The stroll there quickly became one of our favorite parts of the trip, taking us along the boardwalk past candy stores, bookstores, restaurants and enough ice cream shops to convince me that sugary milk might be the Jersey Shore’s biggest industry.
Bungalow itself feels less like a hotel and more like the place your most interesting aunt would own if she decided to open a boutique property by the beach. The staff is warm without being overbearing, the lobby is colorful and inviting, with a pool table, oversized couches, a small bar vibe and an outdoor patio where guests gather over complimentary morning coffee and pastries before heading to the beach.
Our room was simple, spotless and surprisingly functional, with a king bed, bunk beds the kids immediately claimed as their own and just enough space for a few days away. Most importantly, with only four floors, we never really had to wait for an elevator.
Leaving the hotel to access both the pool and the beach was a bit annoying but the very easy walk became part of the routine. The pool at the Wave has a swim-up bar serving cocktails, frozen drinks and wine, loungers and cabanas available to rent if you’re planning to spend the whole day there. The beach is just across the boardwalk, complete with chairs and towels, and I have to give a shout-out to the beach attendants who somehow managed to haul loungers through a 100-degree heat wave with smiles on their faces. Those are the people quietly carrying the Jersey Shore on their backs (literally).
The boardwalk also became our unofficial itinerary. We wandered into The Book House more times than days spent in the state, leaving with books for me, books for the kids and, inevitably, a handful of Squishmallows and squishies because apparently that’s the currency of childhood in 2026.
As for food, one of the biggest draws for us was the abundance of kosher options. Salt is a polished steakhouse that could hold its own against many of New York’s best kosher restaurants, while Soya delivers excellent sushi in a sleek setting. Pepe’s was our go-to for pizza (just know it doesn’t sell slices) and LBK handled the inevitable chicken nuggets and burgers that every family vacation seems to require. For those who don’t keep kosher, Sirena offers Italian fare with ocean views, McLoone’s serves dependable American classics, Lana is a cozy wine and tapas spot and Rooney’s is an excellent seafood restaurant right on the water.
Maybe that’s what surprised me most about this little stretch of the Jersey Shore. New York is built for walking, too, but walking there usually means weaving through crowds, dodging delivery bikes and wondering why someone is honking when nobody’s moving anyway. Here, we pushed a stroller from the hotel to the beach, then to dinner, then for ice cream and eventually back again, all without once folding it into the trunk of the car. It was quieter, easier and, blasphemy!, relaxing.
Were out expectations low? Certainly. Has New Jersey been unfairly cast as New York’s punchline for too long? Maybe. Either way, I’ll continue making the jokes… all while driving to the state for my next long weekend out there.
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