OGE Energy Q4 EPS $0.24 Beats $0.20 Estimate, Sales $566.70M Down From $711.90M YoY
Portfolio Pulse from Benzinga Newsdesk
OGE Energy reported Q4 earnings of $0.24 per share, surpassing the analyst consensus estimate of $0.20 by 20%. However, this represents a 4% decrease from the previous year's earnings of $0.25 per share. Sales for the quarter were $566.70M, a decline from $711.90M year-over-year.
February 21, 2024 | 11:26 am
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NEUTRAL IMPACT
OGE Energy surpassed Q4 EPS estimates but saw a decrease in earnings YoY and a significant drop in sales.
While beating EPS estimates typically has a positive impact on stock prices, the decrease in earnings year-over-year and the significant drop in sales could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on OGE's stock price.
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