Portland Gen Electric 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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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