PNM Resources Raised FY23 Adj EPS Guidance From $2.65 - $2.75 To $2.75 - $2.80 Vs. $2.72 Est.
Portfolio Pulse from Benzinga Newsdesk
PNM Resources has increased its FY23 adjusted EPS guidance from $2.65 - $2.75 to $2.75 - $2.80, which is higher than the estimated $2.72.
October 27, 2023 | 10:40 am
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PNM Resources has raised its FY23 adjusted EPS guidance, which is higher than the estimated value. This could potentially lead to a positive market reaction.
Companies often see their stock prices increase when they raise their earnings guidance, as it signals stronger future performance than previously expected. Given that PNM's new guidance is also higher than estimates, this could lead to increased investor confidence and a potential rise in the stock price.
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