PNM Resources Inc reports results for the quarter ended in June - Earnings Summary

TXNM Energy

31/07/2024 15:24

* PNM Resources Inc  PNM.N  reported quarterly adjusted
earnings
of 60 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 55 cents.  The mean expectation of six analysts for the
quarter was for earnings of 55 cents per share. Wall Street
expected results to range from 53 cents to 59 cents per share.
    * Revenue rose 2.3% to $488.10 million from a year ago;
analysts
expected $481.02 million. 
    * PNM Resources Inc's reported EPS for the quarter was 53
cents​.
    * PNM Resources Inc shares had risen by 12.7% this
quarter and
gained 0.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
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 4 "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 PNM Resources Inc
is $41.50 
This summary was machine generated from LSEG data July 31 at
02:24 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      0.55           0.60           Beat
 Mar. 31 2024      0.40           0.41           Beat
 Dec. 31 2023      0.15           0.18           Beat
 Sep. 30 2023      1.38           1.54           Beat