TXNM Energy Inc reports results for the quarter ended September 30 - Earnings Summary

• TXNM Energy Inc TXNM.N reported quarterly adjusted earnings of $1.62​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of four analysts for the quarter was for earnings of $1.52 per share. Wall Street expected results to range from $1.42 to $1.61 per share.

• Revenue rose 13.3% to $733.29 million from a year ago; analysts expected $730.13 million.

• TXNM Energy Inc's reported EPS for the quarter was $1.50​.

• The company reported quarterly net income of $163.43 million.

• TXNM Energy Inc shares had risen by 0.6% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is "buy."

• Wall Street's median 12-month price target for TXNM Energy Inc is $61.00, about 3.9% above its last closing price of $58.65

This summary was machine generated from LSEG data October 30 at 02:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)