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

Portland General Electric Co

16/02/2024 14:31

* Portland General Electric Co  POR.N  reported quarterly
adjusted
earnings of 72 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 69 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 88 cents per
share. Wall Street expected results to range from 81 cents to 97
cents per share.
    * Revenue rose 5.5% to $725.00 million from a year ago;
analysts
expected $747.58 million. 
    * Portland General Electric Co's reported EPS for the
quarter was
67 cents​.
    * The company reported quarterly net income of $68 million.
    * Portland General Electric Co shares had fallen by 5.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "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 $45.00 
This summary was machine generated from LSEG data February 16 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 2023      0.88           0.72           Missed
 Sep. 30 2023      0.46           0.46           Met
 Jun. 30 2023      0.48           0.39           Missed
 Mar. 31 2023      0.79           0.80           Beat