Zacks Research Issues Negative Outlook for Spire Earnings

Key Points

• Zacks Research lowered Spire’s Q4 2026 EPS estimate to a loss of $1.01 per share from a projected loss of $0.98, while forecasting $5.48 EPS for fiscal 2027 and $6.08 for fiscal 2028.
• Spire’s latest quarterly results exceeded expectations, with a $0.26-per-share loss versus the anticipated $0.32 loss and revenue of $420.2 million, up 19.2% year over year. The company maintained fiscal 2026 EPS guidance of $3.90–$4.10.
• Despite the negative earnings revision, analysts’ overall view remains positive: Spire has a “Moderate Buy” consensus rating and a $93.73 average price target. The company also offers a $0.825 quarterly dividend, equivalent to a 4.3% yield.

Spire Inc. (NYSE:SR - Free Report) - Equities research analysts at Zacks Research reduced their Q4 2026 earnings per share estimates for shares of Spire in a report issued on Wednesday, September 23rd. Zacks Research analyst Team now expects that the utilities provider will earn ($1.01) per share for the quarter, down from their previous estimate of ($0.98). The consensus estimate for Spire's current full-year earnings is $4.01 per share. Zacks Research also issued estimates for Spire's Q1 2027 earnings at $1.83 EPS, Q4 2027 earnings at ($0.56) EPS, FY2027 earnings at $5.48 EPS and FY2028 earnings at $6.08 EPS.

Spire (NYSE:SR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $0.06. The firm had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.

Other research analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of Spire from $91.00 to $88.00 and set an "overweight" rating for the company in a research note on Friday, September 18th. BTIG Research reaffirmed a "buy" rating and issued a $102.00 price target on shares of Spire in a report on Monday. Weiss Ratings upgraded Spire from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $85.00 price objective (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Finally, Mizuho initiated coverage on Spire in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $88.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Spire has an average rating of "Moderate Buy" and a consensus target price of $93.73.

Spire Stock Performance

NYSE SR opened at $76.77 on Friday. The firm has a market cap of $4.54 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.54. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61. The company's 50 day moving average is $81.55 and its 200-day moving average is $84.45. Spire has a 12-month low of $75.85 and a 12-month high of $95.31.

Spire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.8250 per share. This represents a $3.30 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, September 11th. Spire's payout ratio is presently 36.79%.

Hedge Funds Weigh In On Spire

A number of institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in shares of Spire during the 2nd quarter valued at about $266,000. Integrated Wealth Concepts LLC bought a new position in shares of Spire in the second quarter worth approximately $81,000. Nykredit A S purchased a new stake in Spire in the second quarter valued at approximately $119,000. Parkside Financial Bank & Trust raised its stake in Spire by 67.7% in the second quarter. Parkside Financial Bank & Trust now owns 4,380 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 1,768 shares in the last quarter. Finally, Amundi lifted its position in Spire by 142.1% during the second quarter. Amundi now owns 25,720 shares of the utilities provider's stock valued at $2,008,000 after purchasing an additional 15,096 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors.

Spire Company Profile

Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company's utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

The company traces its history to 1857, when it was established as Laclede Gas Company.

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