Recap: Portland General Electric Q2 Earnings

Portland Gen Electric (NYSE:POR) reported its Q2 earnings results on Thursday, July 28, 2022 at 05:00 AM.

Here's what investors need to know about the announcement.

Portland Gen Electric beat estimated earnings by 38.46%, reporting an EPS of $0.72 versus an estimate of $0.52.

Revenue was up $54.00 million from the same period last year.

Last quarter the company missed on EPS by $0.21 which was followed by a 4.11% drop in the share price the next day.

Here's a look at Portland Gen Electric's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.88	0.76	0.64	0.37
EPS Actual	0.67	0.73	0.56	0.36
Revenue Estimate	607.82M	533.13M	550.87M	485.08M
Revenue Actual	625.00M	614.00M	654.00M	537.00M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Portland Gen Electric management provided guidance for FY 2022, expecting earnings between $2.74 and $2.89 per share.

To track all earnings releases for Portland Gen Electric visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.