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

Portland General Electric Co

26/04/2024 14:32

* Portland General Electric Co  POR.N  reported quarterly
adjusted
earnings of $1.08​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 80 cents.  The mean expectation of
seven analysts for the quarter was for earnings of $1.09 per
share. Wall Street expected results to range from 98 cents
to $1.12 per share.
    * Revenue rose 24.2% to $929.00 million from a year ago;
analysts
expected $828.97 million. 
    * Portland General Electric Co's reported EPS for the
quarter was
$1.08​.
    * The company reported quarterly net income of $109 million.
    * Portland General Electric Co shares had risen by 3.0% this
quarter and lost 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14.7%
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 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Portland
General
Electric Co is $45.00 

This summary was machine generated from LSEG data April 26 at
01:31 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
 Mar. 31 2024      1.09           1.08           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