Earnings estimates for PNM Resources, Inc. (PNM - Free Report) for 2019 and 2020 rose 8% and 3.24% on a year-over-year basis to $2.16 and $2.23 per share, respectively. Revenue estimates for 2019 and 2020 increased 5.07% and 2.98% on a year-over-year basis to $1.51 billion and $1.55 billion, respectively.
Let’s focus on the factors that make PNM Resources an appropriate investment option at the moment.
Earnings Surprise History & Dividend Yield
The company’s average four-quarter positive earnings surprise is 15.75%.
Currently, the company has a dividend yield of 2.35% compared with the Zacks S&P 500 composite’s 1.99%.
Zacks Rank & Price Movement
PNM Resources currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 12 months, PNM Resources’ shares have rallied 39.7% compared with the industry’s rise of 21.2%.
Long-Term Growth
The company’s long-term (three to five years) earnings growth is pegged at 5.23%.
Long-Term Plans
PNM Resources plans to invest $2.6 billion over 2019 to 2022 period. These investments will enable the company to achieve its targeted 5-6% earnings growth in the said period.
Other Key Picks
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , FirstEnergy Corporation (FE - Free Report) and Black Hills Corporation (BKH - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 13.83% in the last four quarters. The company’s long-term earnings growth is pegged at 3.80%
FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.
Black Hills delivered an average positive earnings surprise of 5.69% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Earnings estimates for PNM Resources, Inc. (PNM - Free Report) for 2019 and 2020 rose 8% and 3.24% on a year-over-year basis to $2.16 and $2.23 per share, respectively. Revenue estimates for 2019 and 2020 increased 5.07% and 2.98% on a year-over-year basis to $1.51 billion and $1.55 billion, respectively.
Let’s focus on the factors that make PNM Resources an appropriate investment option at the moment.
Earnings Surprise History & Dividend Yield
The company’s average four-quarter positive earnings surprise is 15.75%.
Currently, the company has a dividend yield of 2.35% compared with the Zacks S&P 500 composite’s 1.99%.
Zacks Rank & Price Movement
PNM Resources currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 12 months, PNM Resources’ shares have rallied 39.7% compared with the industry’s rise of 21.2%.
Long-Term Growth
The company’s long-term (three to five years) earnings growth is pegged at 5.23%.
Long-Term Plans
PNM Resources plans to invest $2.6 billion over 2019 to 2022 period. These investments will enable the company to achieve its targeted 5-6% earnings growth in the said period.
Other Key Picks
Some other top-ranked stocks from the same industry are IDACORP, Inc (IDA - Free Report) , FirstEnergy Corporation (FE - Free Report) and Black Hills Corporation (BKH - Free Report) , each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 13.83% in the last four quarters. The company’s long-term earnings growth is pegged at 3.80%
FirstEnergy pulled off an average positive earnings surprise of 5.09% in the last four quarters. The company’s long-term earnings growth is pegged at 6%.
Black Hills delivered an average positive earnings surprise of 5.69% in the last four quarters. The company’s long-term earnings growth is pegged at 4.80%
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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