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Broker Revenue Forecasts For New Jersey Resources Corporation (NYSE:NJR) Are Surging Higher

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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

NYSE:NJR Earnings and Revenue Growth January 25th 2024

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.

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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.



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Devils Out to Rattle the Leafs | PREVIEW | New Jersey Devils

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Devils Out to Rattle the Leafs  | PREVIEW | New Jersey Devils


THE SCOOP

The Devils began their season-high seven-game homestand with a decisive victory over the Florida Panthers on Tuesday night. The win was their second consecutive victory after picking up a win in St. Louis earlier in the week. 

There’s not a lot of runway left in the season, and stringing together a run of victories is at the top of their minds. New Jersey is 11 points out of the final Wild Card spot, and 13 out of third in the Metropolitan Division. Tuesday will mark the Devils final game before the NHL Trade Deadline, which is on Friday at 3 p.m.

The Toronto Maple Leafs are having a down year, based on where the expectations were set heading into the season. The Leafs have struggled to gain any traction in their season and sit just two points ahead of New Jersey with 64. Toronto is 12 points out of third in the Atlantic Division, and nine points out of a Wild Card spot. 

The Leafs have a tendency to give up an abundance of shots to their opponents, ranking first in the league in shots against, per game with 31.8, which bodes will for a Devils team that averages 29.4 shots per game, ranking sixth in the league. Despite their overall struggles, the Leafs do have the league’s fourth-best penalty kill, working at an 83.1 percent efficiency.

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Former Lumberton, New Jersey, mayor Gina LaPlaca pleads guilty to 2025 DUI, sentenced to treatment program

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Former Lumberton, New Jersey, mayor Gina LaPlaca pleads guilty to 2025 DUI, sentenced to treatment program


A former mayor in Burlington County, New Jersey, pleaded guilty to DUI and child endangerment charges after a 2025 traffic stop, according to prosecutors.

Lumberton Township committee member Gina LaPlaca, 46, was indicted last spring on child abuse charges after county prosecutors said she was observed driving drunk with her young child in the car, while serving as the township mayor. 

Police arrested her at her home after reviewing video from a witness showing her swerving out of her lane and nearly hitting a utility pole. Lumberton police discovered her blood alcohol concentration was .30%, over three times the legal limit of .08%.

On Monday, LaPlaca was sentenced to three years in a diversionary program for first-time offenders after pleading guilty to driving under the influence and a fourth-degree child abuse charge. As part of the plea deal, LaPlaca will avoid jail time as long as she abides by the terms of the program.

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Under the terms of the Pretrial Intervention or PTI program, she must attend regular Alcoholics Anonymous meetings and comply with any requirements set by the New Jersey Division of Child Protection and Permanency.

Judge Craig A. Ambrose also ordered LaPlaca to have an ignition lock device on her car that will prevent it from starting up if the driver has consumed alcohol. She said in court she had already installed one in October 2025, the county prosecutor’s office said.

If LaPlaca violates the terms of the PTI program, she could be prosecuted for the child abuse charge.  

LaPlaca completed an intensive treatment program in May 2025 and said in a statement that she is “fully committed to my recovery” and is doing the “daily, intentional work” that comes with it. She apologized to Lumberton residents while acknowledging a private struggle with alcohol addiction that was no longer private.

“The weight of my actions is something I carry deeply,” she said in a statement shared on social media. “What I did was wrong. It was dangerous. It was inexcusable. I drove while intoxicated with my child in the car — a choice that could have caused irreversible harm. That reality is something I will live with, and learn from, for the rest of my life.”

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LaPlaca served as mayor through 2025 but remains on the township committee. Terrance Benson was sworn in as mayor of Lumberton this year.



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Newark-bound United flight returns to LA airport for evacuation after reported fire

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Newark-bound United flight returns to LA airport for evacuation after reported fire


NEWARK, New Jersey — A United Airlines flight headed to Newark, New Jersey returned to the Los Angeles airport Monday about 40 minutes after taking off for an emergency evacuation after a reported fire, authorities said.

All flights at the LAX International Airport were ordered to remain on the ground for about half an hour during the flight’s return and evacuation, according to advisories from the Federal Aviation Administration. No injuries were reported.

The flight, which was en route to Newark Liberty International Airport returned to LAX to address an issue with one of the engines, the airline said in a statement. There was no mention of a fire, but the LA Fire Department said it responded and there was a fire that was contained as of an hour after the plane’s landing.

The flight took off at 10:43 a.m., began to turn around at about 11 a.m. and landed again at 11:19 a.m., according to flight tracker FlightAware.

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The LA Fire Department said they assisted with the evacuation of more than 250 passengers and crew. Passengers exited the plane on the taxiway using slides and stairs and were taken to the terminal, the airline said.

The airplane was a Boeing 787-9, a variant of the popular line of 787 Dreamliner long-haul aircraft.

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