Portland General Electric Co reports results for the quarter ended in September 30 - Earnings Summary

Portland General Electric Co

27/10/2024 15:47

* Portland General Electric Co  POR.N  reported quarterly
adjusted
earnings of 90 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 87 cents per share. Wall
Street expected results to range from 61 cents to 93 cents per
share.
    * Revenue rose 15.8% to $929.00 million from a year ago;
analysts
expected $859.78 million. 
    * Portland General Electric Co's reported EPS for the
quarter was
90 cents​.
    * The company reported quarterly net income of $94 million.
    * Portland General Electric Co shares had risen by 1.9% this
quarter and gained 12.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40.5%
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," 5
"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 $52.00 
This summary was machine generated from LSEG data October 27 at
03:47 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
 Sep. 30 2024      0.87           0.90           Beat
 Jun. 30 2024      0.62           0.69           Beat
 Mar. 31 2024      1.09           1.21           Beat
 Dec. 31 2023      0.88           0.72           Missed