Portland General Electric Co Prepares to Reveal Q2 Earnings: A Closer Look at the Numbers

August 12, 2023


As Portland General Electric Co (PGE) gears up to announce its second-quarter earnings results on July 28th, 2023, at 11:00 AM EST, investors and stakeholders eagerly await the insights that will be revealed during the earnings call. In this article, we will delve into the numbers and various perspectives to provide you with a comprehensive analysis of PGE’s upcoming earnings call. From fundamental and technical analysis to historical guidance and analyst estimates, we will equip you with the knowledge necessary to understand the company’s performance and make informed investment decisions.

Fundamental Analysis:

ReportDate NetIncome TotalRevenue DilutedEPS unit
Q2 2023-06-30 39.0 648.0 0.39 million USD
Q1 2023-03-31 74.0 748.0 0.80 million USD
Q4 2022-12-31 51.0 687.0 0.56 million USD
Q3 2022-09-30 58.0 743.0 0.65 million USD
Q2 2022-06-30 64.0 591.0 0.72 million USD

Let’s start by analyzing Portland General Electric Co‘s past year financials. In the second quarter of 2023, PGE reported a net income of $39.0 million, total revenue of $648.0 million, and diluted earnings per share (EPS) of $0.39 million. These figures indicate a decline compared to the previous quarter but serve as a benchmark for evaluating the company’s future performance. It is crucial to understand how external factors such as market conditions and regulatory changes may have influenced these results.

Technical Analysis:

since low high change change%
1D 2023-08-10 46.6 47.6 -0.4 -0.9
5D 2023-08-04 46.2 47.6 0.0 0.0
1M 2023-07-12 45.8 49.7 -0.9 -1.9
3M 2023-05-08 45.8 51.6 -4.6 -8.9

Examining PGE’s price performance over the past three months can provide valuable insights. The stock experienced a slight decrease over the one-day period preceding this article, declining by 0.9% to $46.6. However, it is important to note that PGE’s stock has shown resilience, with a flat movement over the past five days. Looking further back, PGE’s stock price experienced a decline of 8.9% over the past three months due to various market factors. These technical indicators may hint at potential price movements in the future and should be considered alongside other factors.

Historical Guidance:

By reviewing PGE’s historical guidance, we gain insight into the company’s consistency and past performance. Over the past three months, PGE has demonstrated a stable earnings per share estimate, with a MorningStar consensus estimate of $0.57. It is worth noting that this figure represents a downward adjustment from estimates made 30 and 60 days ago, which stood at $0.66. However, PGE’s historical data suggests that the company has consistently achieved positive results, which provides optimism for the upcoming earnings call.

Analyst Estimates:

Analysts’ estimates play a crucial role in shaping market sentiment and investors’ expectations. Prior to the earnings call, various industry analysts have provided their projections for Portland General Electric Co‘s performance. The current consensus estimate for earnings per share is $0.57, in line with estimates made seven days ago. While this figure is slightly lower than estimates made 30 and 60 days ago, it is important to consider the reasons behind the adjustments. Analysts closely monitor various factors, including market trends, regulatory changes, and economic conditions, to arrive at their estimates.

In conclusion, Portland General Electric Co‘s upcoming earnings call promises to provide valuable insights into the company’s performance during the second quarter of 2023. While fundamental analysis allows us to evaluate past financials and potential external influences, technical analysis sheds light on recent stock price movements. Considering historical guidance and analyst estimates enables us to gauge market sentiment and investor expectations.

Investors and stakeholders should remain engaged with PGE’s upcoming earnings call as it is an opportunity to gain a better understanding of the company’s financial health, its response to market dynamics, and management’s strategic plans moving forward. By paying attention to the numbers and following the trends, individuals can make more informed decisions about their investments in Portland General Electric Co.

Disclaimer: The information provided in this article is based solely on the available data and does not constitute financial advice or a recommendation to buy or sell securities. Investors should conduct their own research and consult with a financial advisor before making investment decisions.

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