PNM RESOURCES INC (PNM) Forecast, Price Target & Analyst Ratings
NYSE:PNM • US69349H1077
41.77 USD
-0.44 (-1.04%)
At close: Aug 2, 2024
41.77 USD
0 (0%)
After Hours: 8/2/2024, 8:26:38 PM
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
$45.61
+ 9.19% Upside
Next Earnings Forecast
Release DateOct 25, 2024
PeriodQ1 / 2025
EPS Estimate$0.54
Revenue Estimate568.16M
ChartMill Buy Consensus
76.67%
Weighted Analyst Rating Score
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 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.
The average price target has been revised downward by 0.7% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
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 is quite many. So the average rating should be quite meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2024-08-01 | Wells Fargo | Maintains | Overweight -> Overweight |
| 2024-07-22 | Barclays | Maintains | Overweight -> Overweight |
| 2024-05-30 | Evercore ISI Group | Reiterate | In-Line |
| 2024-04-15 | Barclays | Maintains | Overweight -> Overweight |
| 2024-02-08 | Barclays | Initiate | Overweight |
| 2024-01-03 | Mizuho | Downgrade | Buy -> Neutral |
| 2024-01-03 | Wells Fargo | Upgrade | Equal-Weight -> Overweight |
| 2023-09-26 | Mizuho | Upgrade | Neutral -> Buy |
| 2023-09-18 | Citigroup | Maintains | Neutral -> Neutral |
| 2023-06-22 | Citigroup | Maintains | Neutral -> Neutral |
| 2023-01-09 | Mizuho | Downgrade | Buy -> Neutral |
| 2022-10-20 | Wells Fargo | Downgrade | Overweight -> Equal-Weight |
| 2022-09-07 | Mizuho | Maintains | Buy |
| 2022-06-22 | Mizuho | Upgrade | Neutral -> Buy |
| 2022-04-29 | Wells Fargo | Maintains | Overweight |
| 2022-04-27 | Wells Fargo | Maintains | Overweight |
| 2022-02-09 | Mizuho | Maintains | Neutral |
| 2021-12-13 | Wells Fargo | Upgrade | Equal-Weight -> Overweight |
| 2021-12-10 | Barclays | Maintains | Underweight |
| 2021-12-03 | Wells Fargo | Upgrade | Underweight -> Equal-Weight |
| 2021-03-03 | Citigroup | Downgrade | Buy -> Neutral |
Next Earnings Forecast Details
Next Earnings Details
Release DateOct 25, 2024
PeriodQ1 / 2025
EPS Estimate$0.54
Revenue Estimate568.16M
Revenue Q2Q30.05%
EPS Q2Q31.79%
Number of Analysts4
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.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 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 | 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 | 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 | 17.38% | 17.54% | 15.64% | 21.13% | 22.53% | 23.80% | 25.80% | 27.67% | |
| EPS YoY % growth | 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/A | N/A | N/A |
| EBITDA Q2Q % growth | 170.83M -9.16% | N/A | N/A | N/A |
| EBIT Q2Q % growth | 142.21M 67.21% | N/A | N/A | N/A |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
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%
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 RESOURCES INC (PNM) 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.
What is the expected long term growth rate for PNM RESOURCES INC (PNM)?
The expected long term growth rate for PNM RESOURCES INC (PNM) is 4.25%.