Portland General Electric Co reports results for the quarter ended December 31 - Earnings Summary

Portland General Electric Co

14/02/2025 14:31

* Portland General Electric Co  POR.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 72 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 31 cents to 41
cents per share.
    * Revenue rose 13.7% to $824.00 million from a year ago;
analysts
expected $663.32 million. 
    * Portland General Electric Co's reported EPS for the
quarter was
34 cents​.
    * The company reported quarterly net income of $38 million.
    * Portland General Electric Co shares had fallen by 3.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
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 7 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Portland General
Electric Co is $50.50 
This summary was machine generated from LSEG data February 14 at
02:31 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
 Dec. 31 2024      0.35           0.34           Missed
 Sep. 30 2024      0.87           0.90           Beat
 Jun. 30 2024      0.62           0.69           Beat
 Mar. 31 2024      1.09           1.21           Beat