Portland General Electric Company (NYSE:POR) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.33 per share.
Looking ahead, the full year income are expected at $ 1.53 per share on the revenues of $ 2077.12 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.40 ~ $ 1.60 per share
Click Here For More Historical Outlooks Of Portland General Electric Company
Previous Quarter Performance
Portland General Electric Company communicated income for the second quarter of $ 0.43 per share, from the revenue of $ 469.00 million. The quarterly earnings 53.57 percent while revenues gained 1.96 percent compared with the same quarter last year.
Street analysts expected Portland General Electric Company to report income of $ 0.33 per share on revenue of $ 455.84 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 30.30 percent, at the same time, top line results outshined analysts by $ 13.16 million or 2.89 percent.
Stock Performance
Shares of Portland General Electric Company traded low $ -0.13 or -0.33 percent on Thursday, reaching $ 39.61 with volume of 741.90 thousand shares. Portland General Electric Company has traded high as $ 39.77 and has cracked $ 38.66 on the downward trend
According to the previous trading day, closing price of $ 39.61, representing a 24.34 % increase from the 52 week low of $ 31.96 and a 37 % decrease over the 52 week high of $ 63.08.
The company has a market capital of $ 3.55 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 22nd September 2020, upgraded by Guggenheim to Buy from Neutral rating.
- On 21st September 2020, upgraded by Barclays to Equal-Weight from Underweight rating, with $ 38.00 target price.
- On 21st September 2020, upgraded by Mizuho to Buy from Neutral rating.
Conference Call
Portland General Electric Company 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.portlandgeneral.com
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
