Earnings estimates for PNM Resources, Inc. PNM have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings have moved up 0.9%, respectively, during the said period.
PNM Resources, through its subsidiaries, engages in energy and energy-related businesses in the United States.
Let’s focus on the factors that make PNM Resources an appropriate investment option at the moment.
In the past 12 months, PNM Resources’ shares have gained 22.3% compared with the industry’s rise of 12.1%.
Earnings & Surprise History
PNM Resources reported fourth-quarter 2018 operating earnings of 18 cents per share, which beat the Zacks Consensus Estimate by a penny. The company’s average four-quarter positive earnings surprise is 8.25%.
PNM Resources’ earnings estimate for 2019 and 2020 rose 7.50% and 3.02% on a year-over-year basis to $2.15 and $2.22 per share, respectively.
PNM Resources’ revenue estimate for 2019 and 2020 increased 5.07% and 0.03% on a year-over-year basis to $1.51 billion, respectively.
Long-Term Growth & Dividend Yield
The company’s long-term (three to five years) earnings growth is pegged at 4.80%.
Currently, the company has a dividend yield of 2.48% compared with the Zacks S&P 500 Composite’s 1.92%.
Zacks Rank & Other Key Picks
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.
Some other top-ranked stocks from the same industry are IDACORP, Inc IDA, The Southern Company SO and Algonquin Power & Utilities Corp. AQN, each holding a Zacks Rank of 2.
IDACORP pulled off an average positive earnings surprise of 9.60% in the last four quarters. The company’s long-term earnings growth is pegged at 4%
The Southern Company pulled off an average positive earnings surprise of 7.85% in the last four quarters. The company’s long-term earnings growth is pegged at 4.50%.
Algonquin Power & Utilities delivered an average positive earnings surprise of 22.48% in the last four quarters. The company’s long-term earnings growth is pegged at 10.38%
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