* PNM Resources Inc reported quarterly adjusted earnings of 60 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of six analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 53 cents to 59 cents per share.
* Revenue rose 2.3% to $488.10 million from a year ago; analysts expected $481.02 million.
* PNM Resources Inc's reported EPS for the quarter was 53 cents.
* PNM Resources Inc shares had risen by 12.7% this quarter and gained 0.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 4.1% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for PNM Resources Inc is $41.50 This summary was machine generated from LSEG data July 31 at 02:24 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.55 0.60 Beat
Mar. 31 2024 0.40 0.41 Beat
Dec. 31 2023 0.15 0.18 Beat
Sep. 30 2023 1.38 1.54 Beat