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

Portland General Electric Co

26/07/2024 14:31

* Portland General Electric Co  POR.N  reported quarterly
adjusted
earnings of 69 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 39 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 45 cents to 67
cents per share.
    * Revenue rose 17% to $758.00 million from a year ago;
analysts
expected $716.58 million. 
    * Portland General Electric Co's reported EPS for the
quarter was
69 cents​.
    * The company reported quarterly net income of $72 million.
    * Portland General Electric Co shares had risen by 10.7%
this
quarter and gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $50.00 
This summary was machine generated from LSEG data July 26 at
01:30 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
 Jun. 30 2024      0.62           0.69           Beat
 Mar. 31 2024      1.09           1.21           Beat
 Dec. 31 2023      0.88           0.72           Missed
 Sep. 30 2023      0.46           0.46           Met