We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for PNM Resources (PNM) in Q4 Earnings?
Read MoreHide Full Article
PNM Resources (PNM - Free Report) is scheduled to release fourth-quarter 2023 earnings on Feb 6 before market open. The company delivered a positive earnings surprise of 18.46% in the last quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play
PNM Resources’ fourth-quarter earnings are likely to have been adversely impacted by lower transmission margins, higher interest expenses and lower fixed-income performance in its decommissioning trust.
PNM Resources’ load growth in the fourth quarter is expected to remain flat as ramp-up from its large industrial customers remained behind schedule. Meanwhile, improvement in residential and commercial customer groups is likely to have created some demand.
Expectations
The Zacks Consensus Estimate for PNM’s earnings is pegged at 15 cents per share, on par with the year-ago quarter. The Zacks Consensus Estimate for fourth-quarter sales stands at $705 million, suggesting an increase of 22.44% from the year-ago reported number.
The Zacks Consensus Estimate for PNM Electric and TNMP Electric’s total revenues is pegged at $525 million and $180 million, respectively.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PNM this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as you will see below.
Earnings ESP: PNM Resources has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings in the upcoming releases.
The Southern Company (SO - Free Report) is likely to pull off an earnings beat when it reports fourth-quarter 2023 earnings on Feb 15 before market open. It currently has an Earnings ESP of +2.95% and a Zacks Rank of 3.
IDACORP (IDA - Free Report) is likely to come up with an earnings beat when it reports its fourth-quarter earnings soon. It has an Earnings ESP of +2.52% and a Zacks Rank of 2 presently.
NiSource (NI - Free Report) is likely to come up with an earnings beat when it reports its fourth-quarter earnings soon. It has an Earnings ESP of +1.92% and carries a Zacks Rank of 2 at present.
Image: Bigstock
What's in Store for PNM Resources (PNM) in Q4 Earnings?
PNM Resources (PNM - Free Report) is scheduled to release fourth-quarter 2023 earnings on Feb 6 before market open. The company delivered a positive earnings surprise of 18.46% in the last quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play
PNM Resources’ fourth-quarter earnings are likely to have been adversely impacted by lower transmission margins, higher interest expenses and lower fixed-income performance in its decommissioning trust.
PNM Resources’ load growth in the fourth quarter is expected to remain flat as ramp-up from its large industrial customers remained behind schedule. Meanwhile, improvement in residential and commercial customer groups is likely to have created some demand.
Expectations
The Zacks Consensus Estimate for PNM’s earnings is pegged at 15 cents per share, on par with the year-ago quarter. The Zacks Consensus Estimate for fourth-quarter sales stands at $705 million, suggesting an increase of 22.44% from the year-ago reported number.
The Zacks Consensus Estimate for PNM Electric and TNMP Electric’s total revenues is pegged at $525 million and $180 million, respectively.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PNM this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as you will see below.
PNM Resources, Inc. Price and EPS Surprise
PNM Resources, Inc. price-eps-surprise | PNM Resources, Inc. Quote
Earnings ESP: PNM Resources has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PNM carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings in the upcoming releases.
The Southern Company (SO - Free Report) is likely to pull off an earnings beat when it reports fourth-quarter 2023 earnings on Feb 15 before market open. It currently has an Earnings ESP of +2.95% and a Zacks Rank of 3.
IDACORP (IDA - Free Report) is likely to come up with an earnings beat when it reports its fourth-quarter earnings soon. It has an Earnings ESP of +2.52% and a Zacks Rank of 2 presently.
NiSource (NI - Free Report) is likely to come up with an earnings beat when it reports its fourth-quarter earnings soon. It has an Earnings ESP of +1.92% and carries a Zacks Rank of 2 at present.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.