Spire Inc. (NYSE: SR) is a key player in the natural gas industry in the United States. The company focuses on the purchase, retail distribution, and sale of natural gas to various end-users. It operates through two main segments: Gas Utility and Gas Marketing. Spire also engages in the transportation of propane, compression of natural gas, risk management, and provides physical natural gas storage services.
The consensus price target for Spire’s stock has shown a steady upward trend over the past year. A year ago, the average price target was $79.75, which increased to $80.5 last quarter, and most recently, it has risen to $81. This gradual increase suggests a positive outlook from analysts regarding Spire’s stock performance. As highlighted by Wells Fargo, the price target of $81 reflects confidence in the company’s potential during the upcoming earnings cycle.
Spire is anticipated to surpass earnings estimates in its upcoming report, as noted by Zacks. The company is believed to have the right combination of factors that could lead to an earnings beat. This expectation aligns with the consistent rise in the target price, indicating confidence in Spire’s operations and potential growth in the natural gas sector.
Investors and stakeholders may find this information useful as it reflects the market’s perception and expectations for Spire’s future performance. The company has announced a conference call and webcast on August 5 to discuss its fiscal 2025 third-quarter financial results and earnings guidance. This event will provide further insights into Spire’s performance and future prospects.
