Txnm Energy Inc Reports Results For The Quarter Ended In September 30: Earnings Summary

TXNM Energy

01/11/2024 14:32

* TXNM Energy Inc  TXNM.N  reported quarterly adjusted
earnings of
$1.43​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.54.  The mean expectation of nine analysts for the quarter
was for earnings of $1.41 per share. Wall Street expected
results to range from $1.36  to $1.49 per share.
    * Revenue rose 12.5% to $569.26 million from a year ago;
analysts
expected $588.88 million. 
    * TXNM Energy Inc's reported EPS for the quarter was $1.45​.
    * TXNM Energy Inc shares had fallen by 0.5% this quarter and
gained 4.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 TXNM Energy Inc
is $46.00 
This summary was machine generated from LSEG data November 1 at
02:32 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      1.41           1.43           Beat
 Jun. 30 2024      0.55           0.60           Beat
 Mar. 31 2024      0.40           0.41           Beat
 Dec. 31 2023      0.15           0.18           Beat