Portland Gen Electric Q1 2024 Adj EPS $1.21 Beats $1.09 Estimate, Sales $940.000M Beat $828.972M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portland Gen Electric (NYSE:POR) reported Q1 2024 adjusted EPS of $1.21, surpassing the $1.09 estimate, and sales of $940M, exceeding the $828.972M estimate. This represents a 51.25% increase in earnings and a 26.17% increase in sales from the same period last year.
April 26, 2024 | 9:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Portland Gen Electric reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth.
Beating both earnings and sales estimates by a considerable margin indicates strong operational performance and potentially positive investor sentiment. The significant year-over-year growth in earnings and sales further underscores the company's upward trajectory, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100