For its first fiscal quarter (ending March 31), Portland General Electric Co (NYSE: POR) has reported a 33% increase in E.P.S. from $0.81 a year ago to $1.08 in the current quarter. However, this result fell short of the consensus estimate of $1.16 by $-0.08. For the latest four quarters through March 31, E.P.S. were $2.62 versus $2.75 for the same period a year ago — a decline of -5%.
Recent Price Action
Portland General Electric Co (NYSE: POR) stock declined modestly by -1.0% on 4/26/24. The stock closed at $42.80. Moreover, trading volume in this decline was unusually high at 164% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.5% during the last week.
Current PriceTarget Research Rating
POR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Portland General Electric has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Portland General Electric has a good Appreciation Score of 71 but a slightly negative Power Rating of 33, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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