Portland General Electric Earnings: Everything You Must Know Now

Portland General Electric Company (NYSE:POR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Portland General Electric Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.65 in the quarter versus EPS of $0.65 in the year-earlier quarter.

Revenue: Decreased 1.25% to $473 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Portland General Electric Company reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.64. It missed the average revenue estimate of $536.92 million.

Quoting Management: “We delivered solid financial results in the first quarter through strong power supply operations and operational excellence,” said Jim Piro, president and chief executive officer. “We’re making excellent progress on our strategic initiatives in 2013, including starting construction on Port Westward 2 and working through the negotiations for selecting the energy, renewable, and seasonal capacity resources from our request for proposals process.”

Key Stats (on next page)…

Revenue increased 2.16% from $463 million in the previous quarter. EPS increased 71.05% from $0.38 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.31 and has not changed. For the current year, the average estimate has moved up from a profit of $1.91 to a profit of $1.92 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)