To Trade or Not to Trade: Northwest Natural Holding Company (NWN) Earnings Preview

37 days have passed by since the last earnings report for Northwest Natural Holding Company (NYSE:NWN) and the new quarterly results look set to arrive in 54 days. The shares of NWN at the moment are trading at a volume of 0.13 million, which compares with its normal daily standard volume of 140095 shares. This has led to the shares of the company advancing by 2.5%, currently exchanging hands at $71.64 a share. NWN stock has been up by $1.86 (-2.53%) ever since it reached its 52-week high of $73.5 back in August 06, 2019. It has progressed above its 50-day moving average of $70.97 and is down -0.1% over the past week. The stock has added 0.3% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the NWN share price due for a correction?

Northwest Natural Holding Company (NWN) Forecasts And Latest Quarter Earnings

Ahead of their fiscal third-quarter to be released on Tuesday, Nov 05, 2019, 5 analysts who are covering the company are estimating that it will record a profit of -$0.51 per share, with analysts having different outlooks from -$0.55 to -$0.48. The current agreed outlook, when compared to the profit recorded last year, is at -$0.41 a share, thus an increase of 24.39% is expected. The profit view for a complete financial year for Northwest Natural Holding Company is expected to be around $2.39 in current year, a decline of nearly 6.7% from last year which was $2.24.

Analyzing The Earnings History Of Northwest Natural Holding Company (NYSE:NWN)

In the past few years, the NWN stock has been known to miss the Wall Street’s earnings projection. The company missed 25% of the time, according to the data pulled on their earnings, was able to meet predictions on 1 occasions and topped expectations 8 times. Looking at the past trend, the price of Northwest Natural Holding Company shares had sank following the release of their earnings in 20 of the last 37 quarters.

Looking back, here is how Northwest Natural Holding Company (NWN) stock reacted to earnings misses and beats. It gave investors reason to be bullish with the price going down after 0 of the last four earnings reports. The shares of Northwest Natural Holding Company recorded 0.58%, 0.95%, 1.06% and 1.87%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were -0.26%, 0.5%, -0.36% and 3%. Their post-earnings price movements have resulted in an average increase of 1.12% and an average increase of 0.72% in Northwest Natural Holding Company on next day and 7th day, sequentially. NWN’s one month stock performance led to its shares rising by 2.3% with a return of 7.97% witnessed over the last 52 weeks.

Northwest Natural Holding Company (NWN) Post Earnings Announcement Drift (PEAD)

Back on August 06, 2019, Northwest Natural Holding Company (NYSE:NWN) released its Q2 results, in which it recorded EPS of $0.04 that exceeded consensus estimates of -$0.07. After the earnings were reported, the price of NWN stock kicked off the session at $69.71 and remained in a range of $73.5 to $73.5 on the first day. The shares were priced at $70.74 at the close with a total volume of shares being 182497.

On May 07, 2019, the Q1 earnings report was disclosed with EPS of $1.72. This was above the estimation of $1.39 per share. The stock price range of NWN was between $68.95 and $69.99 on the first-day post announcement, after opening the day at $68.68. The session came to close at $69.32 and there was a total volume of 254264 shares.

March 01, 2019 was the day when its Q4 results were unveiled. The earnings came in at $1.24, beating the projected $1.2 per share. The very next day, NWN stock opened at $62.35 while staying in a range of $65.04 to $65.12. At the end, it moved to $64.9 a total volume of shares been 144284.

In the year-ago Q3 earnings on November 06, 2018, the company saw a loss per share of -$0.41. That was worse than the -$0.37 analysts had expected. Northwest Natural Holding Company share price started at $64.97 on the first full trading day post-earning and then exchanged hands between $65.55 and $68.28 throughout the session. The closing price of $67.68 came on the back of 82671 shares in volume.