Portland General Electric (NYSE:POR) reported its Q4 earnings results on Thursday, February 17, 2022 at 05:00 AM.
Here's what investors need to know about the announcement.
Earnings
Portland General Electric missed estimated earnings by 3.95%, reporting an EPS of $0.73 versus an estimate of $0.76.
Revenue was up $31.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.08, which was followed by a 1.65% increase in the share price the next day.
Here's a look at Portland General Electric's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.64 | 0.37 | 0.92 | 0.41 |
| EPS Actual | 0.56 | 0.36 | 1.07 | 0.57 |
| Revenue Estimate | 550.87M | 485.08M | 578.16M | 553.33M |
| Revenue Actual | 654.00M | 537.00M | 612.00M | 562.00M |
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 their next quarter, expecting earnings between $2.75 and $2.9 per share for the next quarter.
This represents a 286.99% in quarter-over-quarter growth for Portland General Electric, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
