PNM Resources Inc expected to post earnings of 40 cents a share - Earnings Preview

TXNM Energy

26/04/2024 14:41

* PNM Resources Inc  PNM.N   PNM  is expected to show a fall
in
quarterly revenue when it reports  results on April 30 for the
period ending March 31 2024
    * The Albuquerque New Mexico-based  company is expected to
report
a 2.4% decrease in revenue to $530.997 million from $544.08
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for PNM Resources Inc is for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PNM
Resources Inc
is $42.00​, above​ its last closing price of $36.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.15        0.15       0.18      Beat    22.7
 Sep. 30 2023  1.43        1.38       1.54      Beat    11.7
 Jun. 30 2023  0.56        0.56       0.55      Missed  -1.8​
 Mar. 31 2023  0.41        0.44       0.55      Beat    26.1
 ​​Dec.        0.14        0.16       0.15      Missed  -6.2
 31 2022                                                
 Sep. 30 2022  1.36        1.33       1.46      Beat    9.4​
 Jun. 30 2022  0.53        0.53       0.57      Beat    6.7
 Mar. 31 2022  0.42        0.39       0.50      Beat    28.6
 This summary was machine generated April 26 at 13:41 GMT.  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)