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

OGE Energy

09/08/2023 15:31

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
45 cents per share.
    * Revenue fell 24.7% to $605.00 million from a year ago;
analysts
expected $784.27 million. 
    * OGE Energy Corp's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * OGE Energy Corp shares had fallen by 3.8% this quarter and
lost 12.7% so far this year.
    * The company reported quarterly net income of $88.4
million.
    * Wall Street's median 12-month price target for OGE Energy
Corp
is $39.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 02:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.45           0.44           Missed
 Mar. 31 2023      0.17           0.19           Beat
 Dec. 31 2022      -0.03          0.25           Beat
 Sep. 30 2022      1.18           1.31           Beat