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

OGE Energy

01/05/2024 15:52

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of six analysts for the quarter was
for earnings of 11 cents per share. Wall Street expected
results to range from 10 cents to 15 cents per share.
    * Revenue rose 7.1% to $596.80 million from a year ago;
analysts
expected $697.00 million. 
    * OGE Energy Corp's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $18.6
million.
    * OGE Energy Corp shares had risen by 1.0% this quarter and
lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 64.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * 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 $34.00 
This summary was machine generated from LSEG data May 1 at 02:52
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
 Mar. 31 2024      0.11           0.09           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