For its third fiscal quarter (ending September 30), Southwest Gas Holdings Inc (NYSE: SWX) has reported E.P.S. of $0.05 compared to $-0.18 a year ago. This performance was $0.02 better than the consensus estimate of $0.03. E.P.S. were $-2.91 for the latest four quarters through September 30 versus $2.30 for the same period a year ago — a decline of -227%.
Recent Price Action
Southwest Gas Holdings Inc (NYSE: SWX) stock declined modestly by -0.3% on 11/8/23. The stock closed at $59.14. The stock has been strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
SWX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Southwest Gas Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Southwest Gas Holdings has a neutral Appreciation Score of 48 but a good Power Rating of 78, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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