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

OGE Energy

02/11/2023 13:32

* OGE Energy Corp  OGE.N  reported quarterly adjusted
earnings of
$1.20​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$1.31.  The mean expectation of six analysts for the quarter was
for earnings of $1.16 per share. Wall Street expected results to
range from $1.10  to $1.22 per share.
    * Revenue fell 25.6% to $945.40 million from a year ago. 
    * OGE Energy Corp shares had risen by 3.5% this quarter and
lost 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is  "hold."

Wall Street's median 12-month price target for OGE Energy Corp
is $36.00 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.16           1.20           Beat
 Jun. 30 2023      0.45           0.44           Missed
 Mar. 31 2023      0.17           0.19           Beat
 Dec. 31 2022      -0.03          0.25           Beat