Looking Into PNM Resources's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
PNM Resources reported a 199.84% increase in Q1 earnings to $60.27 million, while sales decreased by 5.51% to $544.08 million. The company posted a return on capital employed (ROCE) of 0.03%, indicating effective capital allocation. Q1 earnings per share were $0.55, beating analyst predictions of $0.44.
May 19, 2023 | 2:54 pm
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POSITIVE IMPACT
PNM Resources' Q1 earnings increased by 199.84% and sales decreased by 5.51%. The company's ROCE of 0.03% indicates effective capital allocation, and its EPS of $0.55 beat analyst predictions.
PNM Resources' significant increase in earnings and better-than-expected EPS indicate a positive outlook for the company. The ROCE of 0.03% suggests effective capital allocation, which is a positive indicator for long-term success and favorable returns. These factors contribute to a likely short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100