The yearly results for OGE Energy Corp. (NYSE:OGE) were released last week, making it a good time to revisit its performance. OGE Energy reported a serious miss, with revenue of US$2.7b falling a huge 21% short of analyst estimates. The bright side is that statutory earnings per share of US$2.07 were in line with forecasts. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for OGE Energy

Taking into account the latest results, the most recent consensus for OGE Energy from five analysts is for revenues of US$3.00b in 2024. If met, it would imply a notable 12% increase on its revenue over the past 12 months. Per-share earnings are expected to increase 2.0% to US$2.12. Before this earnings report, the analysts had been forecasting revenues of US$3.51b and earnings per share (EPS) of US$2.14 in 2024. Indeed we can see that the consensus opinion has undergone some fundamental changes following the latest results, with a real cut to revenues and some minor tweaks to earnings numbers.

It will come as no surprise then, that the consensus price target fell 5.4% to US$33.17following these changes. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values OGE Energy at US$37.00 per share, while the most bearish prices it at US$21.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await OGE Energy shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the OGE Energy's past performance and to peers in the same industry. It's clear from the latest estimates that OGE Energy's rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 8.2% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 3.4% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that OGE Energy is expected to grow much faster than its industry.