PNM RESOURCES INC (PNM) Forecast, Price Target & Analyst Ratings

NYSE:PNM • US69349H1077

Current stock price

41.77 USD
-0.44 (-1.04%)
At close:
41.77 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PNM RESOURCES INC (PNM).

Forecast Snapshot

Consensus Price Target

Price Target
$45.61
+ 9.19% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Oct 25, 2024
Period
Q1 / 2025
EPS Estimate
$0.54
Revenue Estimate
568.16M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
76.67%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$45.61
Upside
+ 9.19%
From current price of $41.77 to mean target of $45.61, Based on 12 analyst forecasts
Low
$38.38
Median
$45.90
High
$57.75

Price Target Revisions

1 Month
0.58%
3 Months
-0.70%

Price Target Summary

12 Wall Street analysts provided a forecast for the next 12 months for PNM. The average price target is 45.61 USD. This implies a price increase of 9.19% is expected in the next year compared to the current price of 41.77.
The average price target has been revised downward by 0.7% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PNM Current Analyst RatingPNM Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4

Analyst Ratings History

PNM Historical Analyst RatingsPNM Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
76.67%
PNM was analyzed by 12 analysts. The buy percentage consensus is at 77. So analysts seem to be have mildly positive about PNM.
In the previous month the buy percentage consensus was at a similar level.
PNM was analyzed by 12 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-08-01Wells FargoMaintains Overweight -> Overweight
2024-07-22BarclaysMaintains Overweight -> Overweight
2024-05-30Evercore ISI GroupReiterate In-Line
2024-04-15BarclaysMaintains Overweight -> Overweight
2024-02-08BarclaysInitiate Overweight
2024-01-03MizuhoDowngrade Buy -> Neutral
2024-01-03Wells FargoUpgrade Equal-Weight -> Overweight
2023-09-26MizuhoUpgrade Neutral -> Buy
2023-09-18CitigroupMaintains Neutral -> Neutral
2023-06-22CitigroupMaintains Neutral -> Neutral
2023-01-09MizuhoDowngrade Buy -> Neutral
2022-10-20Wells FargoDowngrade Overweight -> Equal-Weight
2022-09-07MizuhoMaintains Buy
2022-06-22MizuhoUpgrade Neutral -> Buy
2022-04-29Wells FargoMaintains Overweight
2022-04-27Wells FargoMaintains Overweight
2022-02-09MizuhoMaintains Neutral
2021-12-13Wells FargoUpgrade Equal-Weight -> Overweight
2021-12-10BarclaysMaintains Underweight
2021-12-03Wells FargoUpgrade Underweight -> Equal-Weight
2021-03-03CitigroupDowngrade Buy -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Oct 25, 2024
Period
Q1 / 2025
EPS Estimate
$0.54
Revenue Estimate
568.16M
Revenue Q2Q
30.05%
EPS Q2Q
31.79%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.08%
EPS (1 Month)
4.06%
EPS (3 Months)
5.90%

Next Earnings Summary

PNM is expected to report earnings on 10/25/2024. The consensus EPS estimate for the next earnings is 0.54 USD and the consensus revenue estimate is 568.16M USD.
The next earnings revenue estimate has been revised upward by 0.08% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2024 - 2028

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
PNM revenue by date.PNM revenue by date.
1.78B
16.87%		2.25B
26.39%		1.939B
-13.80%		2.128B
9.74%		2.262B
6.30%		2.402B
6.19%		2.641B
9.95%		2.687B
1.74%
EBITDA
YoY % growth
PNM ebitda by date.PNM ebitda by date.
629.557M
4.73%		735.715M
16.86%		656.955M
-10.71%		814.73M
24.02%		916.99M
12.55%		1B
9.05%		1.162B
16.20%		1.25B
7.57%
EBIT
YoY % growth
PNM ebit by date.PNM ebit by date.
309.347M
8.01%		394.592M
27.56%		303.263M
-23.15%		449.64M
48.27%		509.53M
13.32%		571.77M
12.22%		681.25M
19.15%		743.36M
9.12%
Operating Margin
PNM operating margin by date.PNM operating margin by date.
17.38%17.54%15.64%21.13%22.53%23.80%25.80%27.67%
EPS
YoY % growth
PNM eps by date.PNM eps by date.
2.45
7.46%		2.68
9.39%		2.82
5.22%		2.71
-3.73%		2.84
4.69%		3.05
7.15%		3.35
9.94%		3.54
5.58%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.54
31.79%		0.56
-6.91%		1.47
1.11%		0.31
70.02%
Revenue
Q2Q % growth		568.16M
30.05%		N/AN/AN/A
EBITDA
Q2Q % growth		170.83M
-9.16%		N/AN/AN/A
EBIT
Q2Q % growth		142.21M
67.21%		N/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PNM Yearly Revenue VS EstimatesPNM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
PNM Yearly EPS VS EstimatesPNM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
2.60%
EPS Next 5 Year
4.62%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
4.25%
Revenue Next 5 Year
4.85%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
29.73%
EBIT Next 5 Year
22.24%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PNM RESOURCES INC / PNM Forecast FAQ

What do analysts expect the price target to be for PNM RESOURCES INC (PNM)?

12 analysts have analysed PNM and the average price target is 45.61 USD. This implies a price increase of 9.19% is expected in the next year compared to the current price of 41.77.

Can you provide the upcoming earnings date for PNM RESOURCES INC?

PNM RESOURCES INC (PNM) will report earnings on 2024-10-25, before the market open.

What are the consensus estimates for PNM stock next earnings?

The consensus EPS estimate for the next earnings of PNM RESOURCES INC (PNM) is 0.54 USD and the consensus revenue estimate is 568.16M USD.

How many analysts have analysed PNM RESOURCES INC (PNM)?

The number of analysts covering PNM RESOURCES INC (PNM) is 12.