Spire’s Promising Outlook: Buy Rating Despite Q1 Earnings Miss

In a report released yesterday, Gabe Moreen from Mizuho Securities maintained a Buy rating on Spire (SR – Research Report), with a price target of $76.00.

Gabe Moreen has given his Buy rating due to a combination of factors that suggest a promising outlook for Spire. Despite Spire’s F1Q25 earnings per share missing expectations, the company has maintained its fiscal year guidance. This indicates confidence in internal strategies like cost controls and anticipated improvements in weather conditions that could positively impact their operations.
Additionally, Spire’s rate case is advancing as expected, with new rates anticipated to be effective in October. This, coupled with the prospect of colder weather driving demand in their Natural Gas Marketing business, supports a positive outlook. Previous years have shown the company’s ability to recover from early setbacks, further reinforcing the potential for robust performance over the fiscal year.

Moreen covers the Energy sector, focusing on stocks such as Archrock, Kinder Morgan, and Kinetik. According to TipRanks, Moreen has an average return of 16.8% and a 79.38% success rate on recommended stocks.