OGE Energy Corp (NYSE:OGE) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OGE to report 3Q20 income of $ 1.09 per share.
For the full year, analysts anticipate top line of $ 2282.62 million, while looking forward to income of $ 2.10 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.08 ~ $ 2.18 per share
Click Here For More Historical Outlooks Of OGE Energy Corp
Previous Quarter Performance
OGE Energy Corp revealed income for the second quarter of $ 0.51 per share, from the revenue of $ 503.50 million. The quarterly earnings raised 2.00 percent while revenues down 1.99 percent compared with the same quarter last year.
According to street consensus, OGE was expected to report 2Q20 income of $ 0.49 per share from revenue of $ 540.73 million. The bottom line results beat street analysts by $ 0.02 or 4.08 percent, at the same time, top line results fell short of analysts by $ 37.23 million or 6.89 percent.
Stock Performance
Shares of OGE Energy Corp traded low $ -0.27 or -0.83 percent on Wednesday, reaching $ 32.24 with volume of 821.70 thousand shares. OGE Energy Corp has traded high as $ 32.89 and has cracked $ 31.75 on the downward trend
The closing price of $ 32.24, representing a 41.29 % increase from the 52 week low of $ 23.01 and a 29.98 % decrease over the 52 week high of $ 46.43.
The company has a market capital of $ 6.45 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating.
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 36.00 target price.
Conference Call
OGE Energy Corp will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ogeenergy.com
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy.
