Zacks Research Has Bearish Forecast for Spire Q4 Earnings

Spire Inc. (NYSE:SR) – Equities researchers at Zacks Research reduced their Q4 2026 earnings estimates for shares of Spire in a research report issued on Tuesday, February 24th. Zacks Research analyst Team now expects that the utilities provider will post earnings per share of ($0.41) for the quarter, down from their previous estimate of ($0.17). The consensus estimate for Spire’s current full-year earnings is $4.50 per share. Zacks Research also issued estimates for Spire’s Q4 2027 earnings at ($0.19) EPS, FY2027 earnings at $5.66 EPS and FY2028 earnings at $6.05 EPS.

Spire (NYSE:SR) last announced its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.15. Spire had a net margin of 10.95% and a return on equity of 9.43%. The company had revenue of $762.20 million for the quarter, compared to analysts’ expectations of $785.54 million. During the same quarter in the previous year, the company earned $1.34 earnings per share. Spire’s quarterly revenue was up 13.9% on a year-over-year basis. Spire has set its FY 2027 guidance at 5.650-5.850 EPS and its FY 2026 guidance at 5.250-5.450 EPS.

SR has been the subject of a number of other research reports. Jefferies Financial Group restated a “buy” rating and issued a $99.00 target price on shares of Spire in a research note on Wednesday, January 21st. Weiss Ratings raised Spire from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Mizuho boosted their target price on shares of Spire from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Stifel Nicolaus upped their target price on shares of Spire from $81.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $100.00 price target on shares of Spire in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.70.

Spire Stock Up 0.8%

SR stock opened at $91.57 on Friday. Spire has a fifty-two week low of $69.94 and a fifty-two week high of $92.95. The business’s 50 day moving average price is $85.40 and its two-hundred day moving average price is $83.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Spire Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, March 11th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 11th. Spire’s dividend payout ratio is 71.74%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SR. Norges Bank bought a new position in shares of Spire in the second quarter worth approximately $45,155,000. Adage Capital Partners GP L.L.C. raised its holdings in Spire by 158.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock worth $72,990,000 after acquiring an additional 612,500 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Spire in the 3rd quarter valued at approximately $43,756,000. Invesco Ltd. boosted its stake in Spire by 44.4% during the 3rd quarter. Invesco Ltd. now owns 846,263 shares of the utilities provider’s stock valued at $68,987,000 after purchasing an additional 260,344 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in Spire by 32.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,030,625 shares of the utilities provider’s stock valued at $75,225,000 after purchasing an additional 254,285 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Spire News Roundup

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Zacks raised FY2026, FY2027 and FY2028 earnings estimates and upgraded several mid‑year quarters (examples: FY2026 to $5.29 from $5.25; FY2027 to $5.66 from $5.60; FY2028 to $6.05). Those upward revisions suggest stronger longer‑term fundamentals and support the stock. MarketBeat: SR
• Positive Sentiment: Zacks also lifted Q2 estimates (Q2 2026 to $3.78; Q2 2027 to $3.92) and bumped Q1 2027, signaling better performance in peak seasonal quarters. MarketBeat: SR
• Neutral Sentiment: Filings from Dimensional Fund Advisors (Form 8.3) reference Spire Healthcare Group PLC (a UK company) — these disclosures are not related to Spire Inc. (NYSE: SR) but appeared among the same news feed. GlobeNewsWire: Dimensional Form 8.3
• Negative Sentiment: Zacks pared several near‑term quarterly estimates (notably Q3/Q4 2026 and Q3/Q4 2027 and Q1 2028) — examples include Q4 2026 cut to ($0.41) from ($0.17) and Q4 2027 to ($0.19) from ($0.04). Those downgrades point to weaker short‑term seasonality or timing effects that could pressure short‑term earnings and sentiment. MarketBeat: SR

Spire Company Profile

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.