PNM Resources Q2 2024 Adj. EPS $0.60 Beats $0.55 Estimate, Sales $488.102M Beat $481.019M Estimate
Portfolio Pulse from Benzinga Newsdesk
PNM Resources reported Q2 2024 adjusted EPS of $0.60, beating the $0.55 estimate. Sales were $488.102M, surpassing the $481.019M estimate. Both EPS and sales showed year-over-year growth.
July 31, 2024 | 10:33 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PNM Resources reported Q2 2024 adjusted EPS of $0.60, beating the $0.55 estimate by 9.09%. Sales were $488.102M, surpassing the $481.019M estimate by 1.47%. Both EPS and sales showed year-over-year growth.
PNM Resources' better-than-expected EPS and sales figures, along with year-over-year growth, are likely to positively impact the stock price in the short term. Beating analyst estimates typically boosts investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100