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Bear of the Day

PPL Corporation (PPL)

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By: Zacks Equity Research
September 02, 2010 | Comment(s): 0
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PPL
PPL Corporation's (PPL - Analyst Report) earnings of $0.62 per share in the second quarter of 2010 came in below the Zacks Consensus Estimate, impacted by weak performances at the Pennsylvania Delivery and International Delivery businesses.

Going forward, we are apprehensive about the company given management's lowered 2010 earnings guidance, due to the recent dilution in the company's shares outstanding. Additionally, expectations for continued pressure on PPL's hedges and projections for higher coal transportation costs could weigh on future earnings, in our view.

This has led us to lower our estimates for 2010 and 2011 and also downgrade our recommendation on the stock to Underperform.

PPL Corporation (PPL) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on PPL

 

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