Recap: Portland General Electric Q4 Earnings

Portland General Electric POR reported its Q4 earnings results on Thursday, February 17, 2022 at 05:00 AM.

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

Earnings

Portland General Electric missed estimated earnings by 3.95%, reporting an EPS of $0.73 versus an estimate of $0.76.

Revenue was up $31.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08, which was followed by a 1.65% increase in the share price the next day.

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

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).

Guidance

Portland General Electric management provided guidance for their next quarter, expecting earnings between $2.75 and $2.9 per share for the next quarter.

This represents a 286.99% in quarter-over-quarter growth for Portland General Electric, a bullish signal to many investors.

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