OGE Energy (OGE) Beats Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - OGE Energy reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and up from $0.09 per share a year ago, representing an earnings surprise of 40.91% [1] - The company posted revenues of $747.7 million for the quarter, surpassing the Zacks Consensus Estimate by 7.95%, compared to $596.8 million in the same quarter last year [2] - Over the last four quarters, OGE Energy has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - OGE Energy shares have increased by approximately 10.8% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.61 on revenues of $850.55 million, and for the current fiscal year, it is $2.27 on revenues of $3.11 billion [7] - The estimate revisions trend for OGE Energy is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Utility - Electric Power industry, to which OGE Energy belongs, is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]