TXNM Energy Q3 2024 Adj EPS $1.43 Beats $1.41 Estimate, Sales $569.26M Miss $588.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
TXNM Energy reported Q3 2024 earnings per share of $1.43, slightly beating the estimate of $1.41, but sales of $569.26 million missed the $588.88 million estimate. Earnings decreased by 7.14% from last year, while sales increased by 12.53%.
November 01, 2024 | 10:34 am
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TXNM Energy's Q3 2024 earnings per share of $1.43 slightly exceeded expectations, but sales fell short of estimates. Despite a year-over-year sales increase, earnings declined.
The slight EPS beat is positive, but the sales miss and year-over-year earnings decline may offset this. The market may react neutrally as the mixed results balance each other out.
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