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

OGE Energy

04/05/2023 14:33

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
19 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
17 cents per share.
    * Revenue fell 5.4% to $557.20 million from a year ago;
analysts
expected $556.82 million. 
    * OGE Energy Corp's reported EPS for the quarter was 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 75.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * OGE Energy Corp shares had fallen by 2.3% this quarter and
lost 6.9% so far this year.
    * The company reported quarterly net income of $38.3
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 May
4 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.41           0.36           Missed