PNM Resources Inc. (NYSE: PNM) has reported earnings for its first fiscal quarter (ending March 31) of $0.52 versus $0.64 for the same period a year ago — a decline of -19%. However, this result exceeded the consensus estimate of $0.47 by $0.05. For the latest four quarters through March 31, E.P.S. were $0.91 versus $2.42 for the same period a year ago — a decline of -62%.
Recent Price Action
PNM Resources Inc. (NYSE: PNM) stock closed at $37.06 on 4/30/24 after being unchanged was unchanged. Moreover, this flat performance was accompanied by above average trading volume at 132% of normal. The stock has risen 1.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PNM is expected to continue to be a Value Builder.
PNM Resources has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PNM Resources has a slightly positive Appreciation Score of 66 but a very low Power Rating of 14, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment