Talen Energy Co. to Post FY2024 Earnings of $0.67 Per Share, Seaport Res Ptn Forecasts (OTCMKTS:TLNE)

Talen Energy Co. (OTCMKTS:TLNE) – Investment analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for Talen Energy in a research note issued to investors on Sunday, April 14th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will earn $0.67 per share for the year, down from their prior estimate of $0.68. The consensus estimate for Talen Energy’s current full-year earnings is $2.08 per share. Seaport Res Ptn also issued estimates for Talen Energy’s FY2028 earnings at $5.24 EPS.

Talen Energy (OTCMKTS:TLNE) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.34. The business had revenue of $527.00 million during the quarter, compared to analysts’ expectations of $507.00 million.

TLNE has been the subject of several other reports. Wolfe Research initiated coverage on Talen Energy in a research note on Friday, February 16th. They issued an “outperform” rating and a $81.00 price objective for the company. BWS Financial increased their price target on Talen Energy from $96.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, March 28th.

Talen Energy Price Performance

Shares of TLNE stock opened at $93.01 on Tuesday. The stock’s 50 day simple moving average is $83.07. Talen Energy has a 1-year low of $44.50 and a 1-year high of $98.99.

Talen Energy Company Profile

Talen Energy Corporation, together with its subsidiaries, operates as a power generation and infrastructure company in the United States. The company operates in two segments: PJM, and ERCOT and WECC. It produces and sells electricity, capacity, and ancillary services. The company also operates nuclear, fossil, solar, gas, and coal power plants, as well as engages in marketing activities.