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As you might know, Portland General Electric Company (NYSE:POR) recently reported its third-quarter numbers. Results overall were respectable, with statutory earnings of US$0.90 per share roughly in line with what the analysts had forecast. Revenues of US$929m came in 4.8% ahead of analyst predictions. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
View our latest analysis for Portland General Electric
Following last week's earnings report, Portland General Electric's nine analysts are forecasting 2025 revenues to be US$3.32b, approximately in line with the last 12 months. Statutory per-share earnings are expected to be US$3.25, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$3.32b and earnings per share (EPS) of US$3.25 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$52.50. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Portland General Electric, with the most bullish analyst valuing it at US$60.00 and the most bearish at US$46.00 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 0.5% annualised decline to the end of 2025. That is a notable change from historical growth of 9.8% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.7% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Portland General Electric is expected to lag the wider industry.