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POR Portland General Electric Co News Story

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

Portland General Electric Co POR.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 69 cents.  The mean expectation of ten analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 55 cents to 74 cents per share.

Revenue rose 6.5% to $807.00 million from a year ago; analysts expected $793.32 million.

Portland General Electric Co's reported EPS for the quarter was 56 cents​.

The company reported quarterly net income of $62 million.

Portland General Electric Co shares had fallen by 2.2% this quarter and lost 8.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is  "buy."

Wall Street's median 12-month price target for Portland General Electric Co is $45.00, about 11.7% above its last closing price of $39.73

This summary was machine generated from LSEG data July 25 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.640.56Missed
Mar. 31 20250.980.91Missed
Dec. 31 20240.350.34Missed
Sep. 30 20240.870.90Beat

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