Portland General Electric Q2 adjusted EPS misses estimates
POR•Analyst coverage and valuation
The current average analyst rating on the shares is hold, with 2 strong buy or buy ratings, 8 hold ratings and 2 sell or strong sell ratings.
The average consensus recommendation for the electric utilities peer group is buy.
Wall Street's median 12-month price target for Portland General Electric Co is $51.00, about 1.8% above its July 30 closing price of $50.09. The stock recently traded at 14 times the next 12-month earnings versus a P/E of 15 three months ago.
Quarterly results miss estimates
Portland General Electric Co reported second-quarter adjusted earnings per share of $0.64, missing the analyst consensus estimate of $0.68. Second-quarter net revenue was $811 million.
The company said revenue rose slightly, driven by strong industrial demand.
Demand growth and cost management support results
Portland General Electric said , especially from high-tech and data center customers, drove higher energy deliveries and revenue.
