Spire falls 1.0% after ordinary session as company schedules November call

Session of October 19, 2026 · Published October 20, 2026 · 3 min read

What happened

Spire (SR) fell 1.0% on October 19, 2026, after the utility said it would hold a conference call on November 17 to review fiscal 2026 fourth-quarter and year-end results. Trading volume was 0.9 times its 20-day average. The S&P 500 rose 0.4% while the utilities sector median fell 1.5% on the day.

Closing price over the last 30 trading sessions. On October 19, 2026, SR closed at $81.17, down 1.0% on the day and 2.7% lower than 30 sessions earlier.

The company said it would issue a news release before the market opened and post it at Investors.SpireEnergy.com under the News tab. It said the webcast would review fourth-quarter and year-end results, discuss earnings guidance and other matters. Those details were reported by GuruFocus and PRNewsWire.

How big was the move

The stock closed at $81.17 after opening 0.4% below the previous close, a change that equaled 1.0 times a typical daily move for this stock. Over the last five sessions the stock had risen 2.0% while the S&P 500 over five sessions fell 1.5%. Compared with its sector, the move was 0.5 percentage points better than the sector median.

Each bar is one day's price change; the outlined bar is October 19, 2026. A typical daily move over the past year was 1.2%, so the latest move equals 0.9 times that. Moves outside the dashed lines (about 2.4%) are unusual.

The session matched the stock's low market sensitivity, with a beta of 0.07, meaning the stock tends to move less than the market. In that context, the day's decline was an ordinary session for this stock rather than an extreme move.

The technical picture

Technically, the stock sat 3.6% above its 20-day moving average and 0.8% above its 50-day moving average, while it remained 3.9% below its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend.

Closing price over the past year. SR ends the period 14.7% below its 52-week high, above its 50-day average ($80.54) and below its 200-day average ($84.46).

Momentum was modest: the stock rose 2.4% over one month and rose 0.7% over three months, but over one year it fell 4.4%, trailing the S&P 500 by 20.4 percentage points. The Relative Strength Index (14 days) was 59, a neutral reading between 30 and 70. Volatility was subdued at 17% annualized over 60 days, lower than 90% of its own readings over five years, and the share price was 14.8% below the 52-week high.

Fundamentals and valuation

For the four quarters through June 30, 2026, Spire reported revenue of $2.54 billion, which grew 4.1% from a year earlier. That compared with revenue growth one quarter earlier of growth of 4.5%. Diluted earnings per share were $8.97, a figure that rose 93.7% from the prior year.

Quarterly revenue by period end. The latest quarter brought $420M, 0.4% less than the same quarter a year earlier.

Profitability showed pressure. Gross margin was 32.7% (a year earlier: 42.8%), and operating margin was 19.7% (a year earlier: 22.3%). Free-cash-flow margin stood at 8.0% and return on invested capital was 3.1%. The balance sheet carried net debt of 8.3 times EBITDA, a heavy level of leverage for the sector.

On valuation, the stock traded at 9.0 times trailing earnings, a level lower than 95% of its own readings over the past five years (five-year median: 15.4 times earnings). Price to forward earnings was 20.2 times expected earnings, while free-cash-flow yield was 4.2%.

PromtFinance scores ranked the shares mixed within the sector: Value 62 (Neutral), Growth 68 (Positive), Quality 5 (Very weak), Momentum 56 (Neutral), Revisions 48 (Neutral), and Stability 43 (Weak). The contrast between a low trailing multiple and much higher forward multiple reflects expectations that recent earnings gains may not persist at the same rate.

Earnings and analyst expectations

Spire's next report was scheduled for November 13, 2026. The last report, on August 5, 2026, showed earnings per share of $-0.26 against $-0.32 expected, a result 17.9% above estimates. That marked the third consecutive quarter beating estimates, and the average surprise over the last four reports was 2.4% above estimates.

Diluted earnings per share by quarter. The latest quarter shows $3.57, against $0.29 in the same quarter a year earlier.

Historically, the typical two-day reaction after recent reports was a modest decline; the stock fell 0.8% on average. Fifteen analysts covered the stock, with a consensus rating of Hold and 47% of ratings at Buy. The consensus price target was $92.57, 14.0% above the closing price.

What to watch

November 13, 2026: next quarterly report date.
November 17, 2026: conference call and webcast to review fiscal 2026 fourth-quarter and year-end results; news release to be posted before the market opens.
Balance sheet leverage: net debt of 8.3 times EBITDA.
Valuation spreads: 9.0 times trailing earnings versus 20.2 times expected earnings.
Analysts: 15 covering the stock with a consensus price target of $92.57 and consensus rating Hold.

Full SR analysis: scores, chart and financials →