PNM Resources Future Growth
Future criteria checks 2/6
PNM Resources is forecast to grow earnings and revenue by 19% and 7.9% per annum respectively. EPS is expected to grow by 16% per annum. Return on equity is forecast to be 10.6% in 3 years.
Key information
19.0%
Earnings growth rate
16.0%
EPS growth rate
| Electric Utilities earnings growth | 7.9% |
| Revenue growth rate | 7.9% |
| Future return on equity | 10.6% |
| Analyst coverage | Low |
| Last updated | 14 May 2024 |
Recent future growth updates
Recent updates
PNM Resources (NYSE:PNM) Has Announced A Dividend Of $0.3875
Apr 19
PNM Resources: Medium Term Growth Potential But Less Financial Flexibility
Apr 07PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875
Apr 03PNM Resources: No Merger, No Thank You
Jan 12PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Jan 02PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Dec 12Is PNM Resources (NYSE:PNM) Using Too Much Debt?
Dec 07Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled
Oct 27PNM Resources: Exciting Initiatives Is Boosting The Bottom Line
Sep 30PNM Resources: Debate Hinges On Merger, Economic Value Absent Either Way
Sep 23Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)
Sep 18PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet
Aug 23PNM Resources: High Valuation, Uncertain Backup Plan
Jun 14PNM Resources (NYSE:PNM) Ticks All The Boxes When It Comes To Earnings Growth
May 20Here's What To Make Of PNM Resources' (NYSE:PNM) Decelerating Rates Of Return
May 01PNM Resources' (NYSE:PNM) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 05PNM Resources beats FY top and bottom line estimates; narrows FY23 outlook
Feb 24PNM Resources cut to Neutral at Mizuho on likelihood of Avangrid deal close
Jan 09PNM Resources' (NYSE:PNM) Upcoming Dividend Will Be Larger Than Last Year's
Jan 02PNM Resources reports Q3 earnings beat; raises FY22 and reaffirms FY23 guidance
Nov 04PNM Resources declares $0.3475 dividend
Sep 16PNM Resources Non-GAAP EPS of $0.57 beats by $0.04, revenue of $499.73M beats by $54.37M, affirms FY earning guidance
Aug 04PNM Resources: Avangrid Merger Is Likely To Close
Jul 04PNM Resources: Renewables Path Uncertain But Don't Bet On Merger
Feb 08Avangrid-PNM merger deal wins OK from Nuclear Regulatory Commission
May 26PNM Resources reports Q1 results
Apr 30Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?
Mar 12Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 2,364 | 297 | N/A | 839 | 4 |
| 12/31/2025 | 2,221 | 270 | N/A | 786 | 5 |
| 12/31/2024 | 2,081 | 252 | N/A | 737 | 5 |
| 3/31/2024 | 1,832 | 80 | -588 | 512 | N/A |
| 12/31/2023 | 1,939 | 88 | -525 | 551 | N/A |
| 9/30/2023 | 2,103 | 154 | -465 | 552 | N/A |
| 6/30/2023 | 2,327 | 238 | -382 | 592 | N/A |
| 3/31/2023 | 2,350 | 209 | -385 | 582 | N/A |
| 12/31/2022 | 2,250 | 170 | -345 | 567 | N/A |
| 9/30/2022 | 2,108 | 165 | -575 | 567 | N/A |
| 6/30/2022 | 1,932 | 156 | -485 | 591 | N/A |
| 3/31/2022 | 1,859 | 194 | -395 | 578 | N/A |
| 12/31/2021 | 1,780 | 196 | -387 | 548 | N/A |
| 9/30/2021 | 1,705 | 193 | -154 | 526 | N/A |
| 6/30/2021 | 1,623 | 202 | -176 | 494 | N/A |
| 3/31/2021 | 1,554 | 206 | -233 | 478 | N/A |
| 12/31/2020 | 1,523 | 173 | -193 | 486 | N/A |
| 9/30/2020 | 1,508 | 196 | -147 | 520 | N/A |
| 6/30/2020 | 1,469 | 177 | -170 | 497 | N/A |
| 3/31/2020 | 1,442 | 43 | -122 | 492 | N/A |
| 12/31/2019 | 1,458 | 77 | -113 | 503 | N/A |
| 9/30/2019 | 1,457 | -10 | -118 | 463 | N/A |
| 6/30/2019 | 1,446 | -25 | -83 | 466 | N/A |
| 3/31/2019 | 1,468 | 89 | -72 | 454 | N/A |
| 12/31/2018 | 1,437 | 86 | -73 | 428 | N/A |
| 9/30/2018 | 1,425 | 86 | -88 | 424 | N/A |
| 6/30/2018 | 1,423 | 73 | -58 | 457 | N/A |
| 3/31/2018 | 1,433 | 72 | -33 | 471 | N/A |
| 12/31/2017 | 1,445 | 80 | N/A | 523 | N/A |
| 9/30/2017 | 1,449 | 159 | N/A | 511 | N/A |
| 6/30/2017 | 1,429 | 140 | N/A | 494 | N/A |
| 3/31/2017 | 1,382 | 129 | N/A | 456 | N/A |
| 12/31/2016 | 1,363 | 117 | N/A | 408 | N/A |
| 9/30/2016 | 1,363 | 1 | N/A | 372 | N/A |
| 6/30/2016 | 1,380 | 7 | N/A | 399 | N/A |
| 3/31/2016 | 1,417 | 12 | N/A | 411 | N/A |
| 12/31/2015 | 1,439 | 16 | N/A | 387 | N/A |
| 9/30/2015 | 1,450 | 126 | N/A | 424 | N/A |
| 6/30/2015 | 1,447 | 121 | N/A | 401 | N/A |
| 3/31/2015 | 1,440 | 118 | N/A | 405 | N/A |
| 12/31/2014 | 1,436 | 116 | N/A | 415 | N/A |
| 9/30/2014 | 1,412 | 105 | N/A | 402 | N/A |
| 6/30/2014 | 1,398 | 104 | N/A | 350 | N/A |
| 3/31/2014 | 1,399 | 102 | N/A | 464 | N/A |
| 12/31/2013 | 1,388 | 101 | N/A | 387 | N/A |
| 9/30/2013 | 1,388 | 102 | N/A | 387 | N/A |
| 6/30/2013 | 1,378 | 105 | N/A | 400 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNM's forecast earnings growth (19% per year) is above the savings rate (2.4%).
Earnings vs Market: PNM's earnings (19% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: PNM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PNM's revenue (7.9% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: PNM's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNM's Return on Equity is forecast to be low in 3 years time (10.6%).