On Friday, July 30, Portland General Electric POR will release its latest earnings report. Here is Benzinga's outlook for the company.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street analysts see Portland General Electric reporting earnings of $0.37 per share on revenue of $485.08 million. Portland General Electric EPS in the same period a year ago totaled $0.43. Sales were $469.00 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to report earnings in line when it publishes results Friday, earnings would be down 13.95%. Revenue would be up 3.43% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q1 2021||Q4 2020||Q3 2020||Q2 2020|
|Revenue Estimate||578.16 M||553.33 M||503.08 M||455.84 M|
|Revenue Actual||612.00 M||562.00 M||556.00 M||469.00 M|
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Shares of Portland General Electric were trading at $49.21 as of July 28. Over the last 52-week period, shares are up 11.76%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Portland General Electric is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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