Portland General Electric (NYSE:POR) reported its Q1 earnings results on Thursday, April 28, 2022 at 05:00 AM.
Here's what investors need to know about the announcement.
Earnings
Portland General Electric missed estimated earnings by 23.86%, reporting an EPS of $0.67 versus an estimate of $0.88.
Revenue was up $13.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 1.09% drop in the share price the next day.
Here's a look at Portland General Electric's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.76 | 0.64 | 0.37 | 0.92 |
| EPS Actual | 0.73 | 0.56 | 0.36 | 1.07 |
| Revenue Estimate | 533.13M | 550.87M | 485.08M | 578.16M |
| Revenue Actual | 614.00M | 654.00M | 537.00M | 612.00M |
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 General Electric management provided guidance for FY 2022, expecting earnings between $2.5 and $2.65 per share.
To track all earnings releases for Portland General Electric visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
