Portland General Electric Earnings: Everything You Must Know Now

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

Portland General Electric Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.71% to $0.29 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Decreased 2.42% to $403 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Portland General Electric Company reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.31. It beat the average revenue estimate of $357.47 million.

Quoting Management: “Although several factors impacted our operating and financial performance this quarter, our outlook for 2014 and beyond is positive,” said Jim Piro, president and chief executive officer. “We are moving forward on our three new generation projects, have reached substantial settlement on our 2014 General Rate Case and have successfully completed debt and equity financings, positioning the company for strong operations and growth over the next few years.”

Key Stats (on next page)…

Revenue decreased 14.8% from $473 million in the previous quarter. EPS decreased 55.38% from $0.65 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.51 to a profit $0.47. For the current year, the average estimate has moved down from a profit of $1.92 to a profit of $1.88 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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