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.
View the Free Analysis
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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
Though down from previous month, New Jersey online casinos post November revenue record in 2025
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While online casinos in New Jersey fell short of another revenue record, November was still the state’s second-best month ever with over $253 million.
They’ve been around for over 12 years, yet online casinos in New Jersey continue to find ways to set revenue records. After posting the industry’s largest single-month total in October, NJ online casinos last month combined for $253 million to set a November record and ranks as the second-biggest single-month total in Garden State history.
NJ online casinos set single-year record with one month left
Since launching in 2013, NJ online casinos have continually set high-water marks – even now, a dozen years later.
With $253 million in November revenue, as reported by the New Jersey Division of Gaming Enforcement, casino apps in the Garden State now sit at just over $2.64 billion for the year, leading to $455 million in state tax revenue. With one month left in 2025, the industry has already set a single-year record, which previously stood at around $2.4 billion.
To further put into perspective the growth of online gambling in New Jersey, the industry is over 22% ahead of the 11-month pace it set in 2024. Consider the first 14 months of online casinos in NJ, during which time operators combined for a mere $131.2 million in revenue.
While it’s unlikely that NJ online casinos will reach the $3 billion mark by the end of the year, iGaming has proven it can continue to grow after more than 10 years of existence.
FanDuel Casino, DraftKings Casino continue to set pace
While the monthly total is one for the books, the standard brands set themselves apart from the rest of the market.
For example, FanDuel Casino – which new users can sign up with and claim the FanDuel casino bonus – reported $60.2 million. That was well ahead of the second-place DraftKings Casino bonus, which helped drive $49.6 million in November.
Along with the BetMGM Casino app ($30.6 million), Borgata Casino ($20.6 million) and Caesars Palace Online Casino ($19.3 million), the top five revenue-earners in November accounted for more than 71% of the total online casino total in November.
New Jersey
Ice, freezing rain alerts expand to 10 N.J. counties. Wind advisory issued for 50 mph gusts Monday.
Winter weather advisories have been expanded to 10 New Jersey counties with freezing rain that could cause a dangerous layer of ice tonight.
The National Weather Service has also issued a wind advisory for 16 counties Monday with up to 50 mph gusts possible.
The more immediate concern is freezing rain already hitting the state Sunday evening.
Winter weather advisories for Bergen, Essex, Hudson Passaic and Union counties expire between 10 p.m. and midnight.
Winter weather advisories for Hunterdon, Morris, Somerset, Sussex and Warren counties take effect at 6 p.m. and run through 2 a.m.
As temperatures remain near or below freezing across northern New Jersey this evening, precipitation will fall as freezing rain, particularly in Warren and Morris counties where a glaze to one-tenth of an inch of ice accumulation is possible.
The National Weather Service warns that even areas outside the advisory that remain near freezing at the onset of precipitation could experience localized icing, especially on shaded surfaces that have remained below freezing for more than 36 hours.
Temperatures will rise above freezing areawide during the pre-dawn hours Monday as a warm front lifts through the region, changing any remaining freezing rain to plain rain.
A brief break in the rain is likely prior to daybreak Monday.
The warm front will be quickly followed by a strong cold front Monday afternoon, bringing another period of rain that may be moderate in intensity at times.
High temperatures Monday will reach the upper 40s along the coast before the cold front passes, bringing high winds to the area.
The wind advisory for 16 counties runs from 10 a.m. Monday to 1 p.m. Tuesday. Just Bergen, Essex, Hudson, Passaic and Union counties are not under wind advisories.
“Strong westerly winds develop Monday with wind gusts up to 50 mph and a wind advisory has been issued,” the weather service said Sunday evening. “Some tree damage and power outages possible.”
Tuesday will be markedly colder with high temperatures struggling to rise above freezing even at the Jersey Shore.
Wind chills in the teens and low 20s are expected during the day.
Skies will be partly cloudy with continued gusty winds of 20 to 30 mph.

Wednesday brings slightly milder conditions with highs in the mid 30s to near 40 degrees, though it remains well below normal for late December.
The extended forecast shows below-normal temperatures continuing through the end of the week and into the New Year.
Thursday may bring a chance of snow showers as a weak cold front passes through, though accumulations are expected to be light.
Friday looks dry with highs in the low to mid 30s.
Another weather system may impact the area late next weekend, potentially bringing a mix of rain and snow, though forecast confidence remains low for that timeframe.
Current weather radar
New Jersey
Deadly helicopter collision in New Jersey kills one, critically injures another
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One person was killed and another critically injured when two helicopters collided and crash-landed in Hammonton, New Jersey, on Sunday morning, authorities said.
The Hammonton Police Department told Fox News Digital that it received calls of an aviation crash at approximately 11:25 a.m. involving two helicopters in the area of the 100 block of Basin Road.
Police, fire and EMS responded, extinguishing one helicopter that was engulfed in flames.
The Federal Aviation Administration and National Transportation Safety Board have been notified and will investigate the crash, police said.
MIDAIR PLANE CRASH KILLS ONE PERSON NEAR COLORADO AIRPORT AS BOTH PLANES CATCH FIRE
Two helicopters collided Sunday, Dec. 28, 2025, in Hammonton, N.J. (WTXF)
New Jersey Lt. Gov. Tahesha Way wrote on X that she has been updated on the midair collision.
The site of a deadly helicopter collision in Hammonton, N.J., on Dec. 28, 2025. (WTXF)
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“The Atlantic County Office of Emergency Management, Hammonton Police Department, and @NJSP personnel are on the scene,” she said.
This is a breaking news story; check back for updates.
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