Zacks Research Has Bearish Forecast for Spire Q3 Earnings

Spire Inc. (NYSE:SR) – Research analysts at Zacks Research lowered their Q3 2026 earnings estimates for Spire in a report released on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the utilities provider will post earnings of ($0.20) per share for the quarter, down from their previous forecast of ($0.13). The consensus estimate for Spire’s current full-year earnings is $4.02 per share. Zacks Research also issued estimates for Spire’s Q4 2026 earnings at ($1.06) EPS, Q1 2027 earnings at $1.65 EPS, Q2 2027 earnings at $4.16 EPS, Q3 2027 earnings at $0.13 EPS, Q4 2027 earnings at ($0.43) EPS, FY2027 earnings at $5.52 EPS, Q2 2028 earnings at $3.89 EPS and Q3 2028 earnings at $0.36 EPS.

Spire (NYSE:SR) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.04. Spire had a net margin of 13.97% and a return on equity of 9.49%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis.

Several other research firms also recently commented on SR. TD Cowen initiated coverage on Spire in a report on Thursday, April 16th. They issued a “hold” rating and a $101.00 target price on the stock. Weiss Ratings lowered Spire from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Mizuho initiated coverage on shares of Spire in a research note on Tuesday, July 7th. They set an “outperform” rating and a $88.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on shares of Spire in a research note on Monday, May 11th. They set an “overweight” rating and a $96.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.30.

Spire Stock Performance

Spire stock opened at $80.27 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $4.75 billion, a P/E ratio of 14.11, a PEG ratio of 1.81 and a beta of 0.52. The stock’s 50 day moving average is $81.74 and its 200 day moving average is $86.11. Spire has a twelve month low of $71.24 and a twelve month high of $95.31.

Spire Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 11th. Spire’s dividend payout ratio is presently 58.00%.

Insider Buying and Selling at Spire

In related news, Director Paul D. Koonce bought 500 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $78.46 per share, for a total transaction of $39,230.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at approximately $627,680. The trade was a 6.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ryan L. Hyman sold 3,822 shares of Spire stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total transaction of $307,709.22. Following the completion of the sale, the senior vice president owned 14,295 shares of the company’s stock, valued at $1,150,890.45. This represents a 21.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have purchased 3,000 shares of company stock worth $251,100 over the last ninety days. 2.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spire

Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in shares of Spire during the fourth quarter worth $25,000. Optima Capital LLC bought a new stake in Spire in the 4th quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in Spire in the 4th quarter worth $25,000. MV Capital Management Inc. purchased a new stake in Spire in the 4th quarter worth $33,000. Finally, SHP Wealth Management bought a new position in shares of Spire during the 4th quarter valued at about $35,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Spire News Roundup

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Zacks Research lifted its FY2027 earnings estimate for Spire to $5.52 per share from $5.47, and also nudged higher several longer-term quarterly forecasts, including Q1 2027, Q3 2027, Q4 2026, Q2 2028, and Q3 2028. These revisions suggest improved expectations for Spire’s longer-range earnings power.
• Positive Sentiment: The firm also raised its FY2028 earnings estimate to $6.05 per share from $6.03, alongside a small increase to Q1 2028 EPS, signaling slightly better outlook for future profitability.
• Neutral Sentiment: Spire announced it will host its fiscal 2026 third-quarter earnings conference call on August 5, which should give investors a fresh update on results, guidance, and management commentary. Spire to Host FY26 Third Quarter Earnings Conference Call on August 5
• Negative Sentiment: Zacks Research cut its Q3 2026 earnings estimate to $(0.20) per share from $(0.13), and also lowered its Q3 2028 forecast to $0.36 from $0.42. Those reductions point to near-term earnings pressure that may be weighing on sentiment.
• Negative Sentiment: The analyst firm also trimmed its Q2 2027 EPS estimate to $4.16 from $4.29, which may reinforce concerns that some of Spire’s intermediate-term earnings growth could be softer than previously expected.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.