PNM Resources, Inc. (Holding Co.) (NYSE:PNM) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.26 per share from revenue of $ 529.43 million.
Looking ahead, the full year income are expected at $ 2.24 per share on the revenues of $ 1522.68 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.23 ~ $ 2.31 per share
Click Here For More Historical Outlooks Of PNM Resources, Inc. (Holding Co.)
Previous Quarter Performance
PNM Resources, Inc. (Holding Co.) unfold income for the second quarter of $ 0.55 per share, from the revenue of $ 357.65 million. The quarterly earnings 48.65 percent while revenues grew 8.30 percent compared with the same quarter last year.
Wall street analysts are predicting, PNM to report 2Q20 income of $ 0.49 per share from revenue of $ 345.12 million. The bottom line results beat street analysts by $ 0.06 or 12.24 percent, at the same time, top line results outshined analysts by $ 12.53 million or 3.63 percent.
Stock Performance
Shares of PNM Resources, Inc. (Holding Co.) traded low $ -0.01 or -0.02 percent on Thursday, reaching $ 49.82 with volume of 2.52 million shares. PNM Resources, Inc. (Holding Co.) has traded high as $ 49.92 and has cracked $ 49.60 on the downward trend
According to the previous trading day, closing price of $ 49.82, representing a 84.01 % increase from the 52 week low of $ 27.08 and a 11.24 % decrease over the 52 week high of $ 56.14.
The company has a market capital of $ 3.97 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Citigroup at Buy rating, with $ 51.00 target price.
Conference Call
PNM Resources, Inc. (Holding Co.) will be hosting a conference call at 11:00 AM eastern time on 30th October 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.pnmresources.com
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity.
