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
Did anyone win Powerball? Winning numbers for April 13, 2026
Powerball, Mega Millions jackpots: What to know in case you win
Here’s what to know in case you win the Powerball or Mega Millions jackpot.
Just the FAQs, USA TODAY
Powerball winning numbers are in for the Monday, April 13 drawing with a jackpot that reached an estimated $45 million ($20.5 million cash option).
The winning numbers in Monday’s drawing are 38, 43, 59, 63, and 64, with Powerball number 15. The Power Play number is 3.
Did anyone win the Powerball jackpot?
No one won the Powerball jackpot.
When is the next drawing of the Powerball?
The next Powerball drawing is Wednesday. Drawings are held at 10:59 p.m. every Monday, Wednesday and Saturday.
How late can you buy a Powerball ticket?
In New Jersey, in-store and online ticket sales are available until 9:59 p.m. on the night of the draw.
What does it cost to play Powerball?
Powerball costs $2 to play. For an additional $1 per play, the Power Play feature can multiply nonjackpot prizes by two, three, four, five or 10 times.
Are you a Powerball winner? Here’s how to claim your lottery prize
All New Jersey Lottery retailers will redeem prizes up to $599.99. For prizes over $599.99, winners can submit winning tickets through the mail or in person at New Jersey Lottery offices. By mail, send a winner claim form, winning lottery ticket and a copy of a government-issued ID to New Jersey Lottery, Attn: Validations, PO Box 041, Trenton, NJ 08625-0041.
Winners can drop off their claim form and winning ticket in person at the New Jersey Lottery office where a secure drop box is available. Claim forms are also available at the office. Hours are Monday to Friday from 8:30 a.m. to 4:30 p.m.; Lawrence Park Complex, 1333 Brunswick Avenue Circle, Trenton, NJ 08648.
To find a lottery retalier, you can search the NJ lotto website.
What is the Powerball payout?
The complete guide to winnings is:
- Match 5 White Balls + Powerball: Jackpot
- Match 5 White Balls: $1 million
- Match 4 White Balls + Powerball: $50,000
- Match 4 White Balls: $100
- Match 3 White Balls + Powerball: $100
- Match 3 White Balls: $7
- Match 2 White Balls + Powerball: $7
- Match 1 White Ball + Powerball: $4
- Match Powerball: $4
- Match 5 White Balls with Power Play: $2 million
- Match 4 White Balls + Powerball with Power Play: $200,000
- Match 4 White Balls with Power Play: $400
- Match 3 White Balls + Powerball with Power Play: $400
- Match 3 White Balls with Power Play: $28
- Match 2 White Balls + Powerball with Power Play: $28
- Match 1 White Ball + Powerball with Power Play: $16
- Match Powerball with Power Play: $16
What are the odds of winning the Powerball jackpot?
The overall odds of winning the Powerball are 1 in 292.2 million.
How do I find the Powerball winning numbers?
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. from the Florida Lottery draw studio in Tallahassee. Drawings are also lived streamed on Powerball.com. The winning numbers are posted to the Powerball and New Jersey Lottery websites.
New Jersey
Calendar says April, weather forecast says taste of summer for NJ
The calendar may say April, but Mother Nature is giving New Jersey another taste of summerlike vibes this week. Monday will be just as breezy as Sunday, but it will be a warming wind this time around. Temperatures will be 10 to 20 degrees warmer, with highs around 75 to 80 degrees. Clouds will win the sky, and a few quick hit-or-miss rain showers are possible during the day. Tuesday trends even warmer, with highs reaching into the 80s for most of the state. (Although do not plan on making it a beach day, as coastal communities will be held to the 60s thanks to the chilly ocean and bay water.) Widespread 80s are expected for Wednesday and Thursday too, with minimal rain chances. Warm weather will carry into the start of the weekend, with our next cold front set to arrive on Sunday.
Monday NJ weather: 10 to 20 degrees warmer, spotty showers
The past week has been quiet, but relatively cool. You can not deny that New Jersey’s weather has been pleasant. And definitely dry — drought concerns continue to spiral, and wildfire danger remains high. (Although the latter issue will get slightly better later this week as humidity goes up and wind speeds go down.)
Monday will be just as windy as Sunday. But this time around, it will be a warming wind. So temperatures will trend 10 to 20 degrees warmer, as we flip back to summerlike weather for a majority of the state this week.
While you may need a light jacket or sweater early Monday, you can ditch it soon enough. High temperatures Monday afternoon will reach about 75 to 80 degrees around the state. It will be quite breezy, with southwesterly gusts peaking around 30+ mph. Expect more clouds than sun throughout the day.
In addition, a few spot showers may develop as temperatures warm, in the midday and afternoon hours. Just a few brief spurts of light raindrops, not amounting to much.
As skies clear Monday night, it will remain mild and comfortable. Low temperatures will only dip to around 60 degrees overnight.
Tuesday NJ weather: Even warmer, but not for everyone
Tuesday will be even warmer, with high temperatures soaring into the lower 80s for most of the state. It will be mostly to partly sunny, with breezy conditions continuing.
It will feel almost summerlike. I have to say almost because the Jersey Shore will end up considerably cooler. Oceans and bays are still quite cold at this point of the season, with water temperatures around 50 to 55 degrees. That will have a big cooling effect on air temperatures in coastal communities. So just keep in mind if you are thinking about a beach day this week — while inland areas will surge toward hot 90 degree temps, the Shore will be closer to 60.
Wednesday NJ weather: Feeling summerlike
Another very way, summer-ish day. Expect a mix of sun and clouds, with high temperatures in the mid 80s. This will be our first shot of seeing 90+ degrees somewhere in New Jersey this year.
There is a chance for a popup thunderstorm late-day Wednesday, especially to the north.
Thursday NJ weather: More 80s
The warm, dry conditions continue on Thursday, with widespread 80s on thermometers across the Garden State once again.
Temperatures will slide back slightly, with 70s and 80s will carrying through the start of the weekend. There will be some clouds and maybe a stray shower around on Friday, but again temperatures will be unseasonably warm.
Our next big weathermaker will be a cold front arriving on Sunday. That will deliver our next chance of widespread rain — although a wholesale soaking would be great, keep your expectations low for a nice, healthy drought-buster.
Behind that front will come cooler air. By Monday morning, we could be back in frost territory, with morning lows in the 20s and 30s. Afternoon highs will turn more seasonable for early next week, in the lower to mid 60s or so.
Significant or historical events in New Jersey for April (in chronological order)
Dan Zarrow is Chief Meteorologist for Townsquare Media New Jersey. Follow him on Facebook for the latest forecast and realtime weather updates.
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New Jersey
N.J. pastor returns to Sunday service after being released by ICE. Here’s what he experienced.
Yeison Cortes Vasquez was back at his church in Elizabeth, New Jersey, on Sunday, one day after being released from U.S. Immigration and Customs Enforcement custody.
Why Pastor Vasquez was detained
Vasquez was detained back on March 20, with the Department of Homeland Security saying he had overstayed his tourist visa from Colombia that expired in 2016.
In a recent statement, the agency said, “Cortes Vasquez has been released on bond with a GPS monitor while he undergoes further removal proceedings. He will receive full due process.”
Enid Almanzar, a fellow pastor with the National Latino Evangelical Coalition, said ICE detainments have ravaged the Latino church community.
“We’ve seen anywhere from a 30% to an even 80% drop in attendance because people are just simply afraid to come out,” Almanzar said.
“God had a purpose”
Vazquez’s parishioners at The Gathering Place in Elizabeth were relieved to see their pastor return to Sunday service.
Speaking through a translator, Vasquez said of his time being detained, “I cried a lot for my wife and daughters and my church, but God had a purpose.”
Vasquez read part of a letter he wrote to his church community while detained at Delaney Hall. The father of three shared that he was head of discipleship and bible study at the ICE detention facility.
“A thousand and a thousand thank you for taking care of my daughters and my wife,” Vasquez said.
“It’s a feeling you just can’t explain”
Parishioners were overjoyed to see Vasquez, saying his absence was deeply felt since he was detained on March 20 while working his day job in food delivery. His community rallied and helped him get legal counsel.
“We all cried today at the service. Like, everyone cried,” Margarita Lainez said.
“It’s a feeling you just can’t explain,” Guido Rodriguez added.
While parishioners say their prayers have been answered, the pastor, himself, told them to “keep praying that [they] are still at the detention center.”
He is also asking the faithful to pray for the authorities.
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