PNM Resources Reiterates FY23 Adjusted EPS Of $2.65-$2.75, Vs Consensus Of $2.72
Portfolio Pulse from Benzinga Newsdesk
PNM Resources has reiterated its FY23 adjusted EPS of $2.65-$2.75, which is in line with the consensus of $2.72. The company's performance in the first half of the year has set the stage for future growth, especially in Texas where legislative changes have called for investments in grid reliability and resilience.
August 04, 2023 | 3:02 pm
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POSITIVE IMPACT
PNM Resources' reaffirmation of its FY23 adjusted EPS aligns with market expectations, indicating a stable outlook. The company's growth potential in Texas due to legislative changes could positively impact its future performance.
PNM Resources' reaffirmation of its FY23 adjusted EPS, which is in line with market consensus, indicates a stable financial outlook. This could instill confidence in investors, potentially driving the stock price up. Additionally, the company's growth potential in Texas, due to favorable legislative changes, could positively impact its future performance and further boost the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100