Portland General Electric POR is set to give its latest quarterly earnings report on Friday, 2021-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Portland General Electric will likely report an Earnings Per Share (EPS) of $0.64
Portland General Electric bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
Last quarter the company missed on EPS by -2.7%.
Here's a look at Portland General Electric's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.92 | 0.41 | -0.33 |
| EPS Actual | 0.36 | 1.07 | 0.57 | -0.19 |
| Price Change % | -0.51% | 1.19% | 0.05% | -0.78% |
Stock Performance
Shares of Portland General Electric were trading at $47.82 as of October 27. Over the last 52-week period, shares are up 22.48%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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