PNM Resources (PNM) Misses Q4 EPS by 2c; Offers FY21 EPS Outlook

PNM Resources (NYSE: PNM) reported Q4 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17.

"Our fourth quarter results finished the year in line with expectations, demonstrating resilience and adaptability during the continued effects of the COVID-19 pandemic," said Pat Vincent-Collawn, PNM Resources' chairman, president and CEO. "We look forward to bringing the benefits of our merger with Avangrid to customers, employees and communities and are progressing through the remaining regulatory approvals. We continue to expect the merger to close in the second half of 2021."

GUIDANCE:

PNM Resources sees FY2021 EPS of $2.27-$2.37, versus the consensus of $2.33.

For earnings history and earnings-related data on PNM Resources (PNM) click here.

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