Portland General Electric (POR) Q4 Earnings and Revenues Beat Estimates

Core Viewpoint - Portland General Electric (POR) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of$ 0.32 per share, but down from $0.68 per share a year ago, indicating a 50% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of$ 824 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 15.06% and up from $725 million in the same quarter last year, reflecting a year-over-year revenue growth of approximately 13.7% [2] - Over the last four quarters, Portland General Electric has consistently surpassed consensus EPS estimates [2] Stock Performance and Outlook - The stock has underperformed, losing about 3.4% since the beginning of the year, while the S&P 500 has gained 4% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.11 on revenues of $953.93 million, and for the current fiscal year, it is$ 3.20 on revenues of $3.48 billion [7] Industry Context - The Utility - Electric Power industry, to which Portland General Electric belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact the stock's performance [5][6]