OGE Energy (OGE) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.20 per share a year ago.
The Utilities sector has surged in 2024, but OGE Energy remains a hold due to valuation and technical trends. OGE Energy's Q2 results were solid, with a 10% revenue increase and EPS beating forecasts, yet the stock has underperformed the sector YTD. OGE's management forecasts steady EPS growth and no debt due until 2027, making it a conservative play with a 4.15% dividend yield.
OGE Energy (OGE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for stocks in the Utility - Electric Power sector might want to consider either FirstEnergy (FE) or OGE Energy (OGE). But which of these two stocks presents investors with the better value opportunity right now?
OGE Energy (OGE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
OGE Energy (OGE) makes a strong case for investment, given its growth prospects, debt management and capability to increase shareholders' value.
OGE Energy's (OGE) second-quarter earnings and revenues lag estimates. Total operating expenses and interest expenses increase during the same period.
OGE Energy Corp (NYSE:OGE ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Jason Bailey - Director of Investor Relations Sean Trauschke - Chairman, President and Chief Executive Officer Bryan Buckler - Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Alexander Mortimer - Mizuho Securities Brian Russo - Jefferies Travis Miller - Morningstar Paul Fremont - Ladenburg Thalmann & Co. Operator Good day and thank you for standing by. Welcome to the OGE Energy Corp 2024 Second Quarter Earnings and Business Update Call.
OGE Energy (OGE) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.44 per share a year ago.
OGE Energy Corp. primarily serves Oklahoma and western Arkansas, with a customer base of approximately 900,000, benefiting from population growth due to remote work trends. The stock price has appreciated by 5.49% since October 2023 but underperformed the S&P 500 Index, offering a forward dividend yield of 4.73%. The company's customer base and electricity consumption are growing, with revenue increasing by 7.11% year-over-year, but net income growth is impacted by rising interest expenses.
OGE Energy (OGE) reported earnings 30 days ago. What's next for the stock?