OGE Energy Corp reports results for the quarter ended in December - Earnings Summary

OGE Energy

21/02/2024 14:32

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 13 cents to 22 cents per share.
    * Revenue fell 20.4% to $566.70 million from a year ago;
analysts
expected $986.67 million. 
    * OGE Energy Corp's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $48.2
million.
    * OGE Energy Corp shares had fallen by 5.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for OGE Energy Corp
is $35.00 
This summary was machine generated from LSEG data February 21 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.20           0.24           Beat
 Sep. 30 2023      1.16           1.20           Beat
 Jun. 30 2023      0.45           0.44           Missed
 Mar. 31 2023      0.17           0.19           Beat