* Portland General Electric Co reported quarterly adjusted earnings of $1.08 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of seven analysts for the quarter was for earnings of $1.09 per share. Wall Street expected results to range from 98 cents to $1.12 per share.
* Revenue rose 24.2% to $929.00 million from a year ago; analysts expected $828.97 million.
* Portland General Electric Co's reported EPS for the quarter was $1.08.
* The company reported quarterly net income of $109 million.
* Portland General Electric Co shares had risen by 3.0% this quarter and lost 0.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 14.7% 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 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for Portland General Electric Co is $45.00
This summary was machine generated from LSEG data April 26 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 ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.09 1.08 Missed
Dec. 31 2023 0.88 0.72 Missed
Sep. 30 2023 0.46 0.46 Met
Jun. 30 2023 0.48 0.39 Missed
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