TXNM Earnings Prediction
The chart below shows how TXNM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TXNM sees a -0.03% change in stock price 10 days leading up to the earnings, and a +1.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
TXNM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
569.26M
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Gross Margin
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Operating Margin
34.65%
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Net Margin
23.96%
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EPS
1.45
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No Data Available
TXNM Earnings Analysis
TXNM Energy, Inc. Corporation (TXNM.N) Earnings Conference Call
Positive
Earnings Guidance Update: Earnings per share for the third quarter were $1.43, reflecting a narrowing guidance range for the year to $2.70 to $2.75 per share.
Earnings Growth Target: The company continues to target 6% to 7% earnings growth through 2028, indicating strong long-term growth expectations.
System Peak Records Growth: TNP continues to set new system peak records, including a 16% increase over last year's peak, reflecting a 13% annual growth rate since 2020.
Interconnection Request Surge: The amount of interconnection requests received this year is nearly double the levels seen in 2020, signaling continued growth in service demand.
Virtual Power Plant Funding: The company has been awarded funding from the DOE to complement its plans with a virtual power plant project, enhancing its operational capabilities.
Negative
Earnings Per Share Decline: Earnings per share were $1.43 compared to $1.54 in the prior year, indicating a decline in profitability.
Guidance Range Adjustment: We are narrowing our guidance range for the year to $2.70 to $2.75 per share, reflecting lower expectations than previously communicated.
Earnings Impact Factors: Lower transmission margins at PNM also reduced earnings along with depreciation, property tax and interest expenses associated with new investments.
Shareholder Value Dilution Impact: Dilution impact from shares issued in December of last year lowered our earnings on a per share basis, indicating a negative effect on shareholder value.
Forecast Adjustment Outlook: Our forecast for 2024 came down a little bit for both states, suggesting a less optimistic outlook for future performance.
TXNM FAQs
How does TXNM typically perform around its earnings report dates?
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TXNM Earning Call Sentiment
TXNM Energy, Inc. (TXNM) Q3 2024 Earnings Call Transcript
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TXNM.N
-0.08%Positive
The earnings call summary presents a mixed outlook. While there are positive aspects like targeted EPS growth of 6%-7% and significant capital investments, there are notable risks such as regulatory challenges, supply chain issues, and competitive pressures. The Q&A section reveals management's cautious stance on certain projects, adding uncertainty. The EPS decline and equity financing plans also balance the positive growth targets, leading to a neutral sentiment.
