PNM Resources (PNM) Beats Q2 Earnings Estimates

分组1 - PNM Resources reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and showing an increase from $0.55 per share a year ago, resulting in an earnings surprise of 9.09% [1] - The company posted revenues of $488.1 million for the quarter ended June 2024, which was 3.72% below the Zacks Consensus Estimate, and an increase from $477.16 million year-over-year [2] - PNM Resources has surpassed consensus EPS estimates three times over the last four quarters but has not beaten revenue estimates during the same period [2] 分组2 - The stock has added about 0.1% since the beginning of the year, underperforming compared to the S&P 500's gain of 14% [3] - The current consensus EPS estimate for the upcoming quarter is $1.41 on revenues of $518.5 million, and for the current fiscal year, it is $2.70 on revenues of $1.88 billion [7] - The Utility - Electric Power industry is currently in the top 25% of Zacks industries, indicating a favorable outlook for stocks within this sector [8]