OGE Energy Corp reports results for the quarter ended in September 30 - Earnings Summary

OGE Energy

06/11/2024 04:51

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
$1.09​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.20.  The mean expectation of eight analysts for the quarter
was for earnings of $1.12 per share. Wall Street expected
results to range from $1.11  to $1.15 per share.
    * Revenue rose 2.1% to $965.40 million from a year ago;
analysts
expected $968.84 million. 
    * OGE Energy Corp's reported EPS for the quarter was $1.09​.
    * The company reported quarterly net income of $218.7
million.
    * OGE Energy Corp shares had fallen by 2.9% this quarter and
gained 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, five 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," 11
"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 $41.00 
This summary was machine generated from LSEG data November 6 at
04:51 a.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
 Sep. 30 2024      1.12           1.09           Missed
 Jun. 30 2024      0.46           0.51           Beat
 Mar. 31 2024      0.11           0.09           Missed
 Dec. 31 2023      0.20           0.24           Beat