Will NJR's Q2 2025 earnings beat forecasts like Q1?

**New Jersey Resources (NJR) is likely to experience a seasonal uptick in its Q2 2025 earnings**, potentially exceeding forecasts, based on the following points: 1. **Seasonal Demand**: Natural gas distribution companies, like NJR, typically see increased demand during the winter for space heating and the summer for electricity generation for air conditioning. Q2 coincides with the peak summer months, which historically drive higher natural gas consumption. 2. **Historical Performance**: NJR's historical performance during Q2 suggests stronger earnings compared to other quarters. For instance, the estimated EPS for Q2 2025 is $1.49, compared to $1.05 for Q1 2025. This trend indicates a seasonal increase in earnings during the summer months. 3. **Company Performance**: NJR has recently reported a fiscal year 2025 guidance with a significant increase in net financial EPS, ranging between $3.05 and $3.20, which surpasses its target growth range. This guidance suggests confidence in exceeding earnings forecasts, particularly in Q2 due to the seasonal factors mentioned above. 4. **Analyst Optimism**: Analysts have raised price targets for NJR, indicating a bullish outlook. Jefferies, which recently initiated coverage with a Hold recommendation, has an average one-year price target of $56.10, suggesting potential upside from the current trading price. This optimism is supported by the expected increase in annual revenue and EPS, which could be driven by stronger Q2 earnings. 5. **Insider Confidence**: The CFO's recent sale of shares was conducted under a Rule 10b5-1 trading plan, which the CFO had established to manage future transactions. This planning suggests confidence in the company's future performance, including the potential for higher earnings in Q2. In conclusion, NJR's Q2 2025 earnings are poised to beat forecasts, considering the company's historical seasonal performance, current guidance, analyst optimism, and insider confidence.