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PPL Corp. (PPL) Beats On Q3 Earnings, Revenues Miss
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PPL Corporation (PPL - Free Report) , a diversified utility holding company, has operations in the U.S. and the UK. PPL Corp.’s organic growth strategy, systematic investments in utility infrastructure development projects and focus on enhancing customer service are commendable.
However, volatility in fuel prices, stringent environmental regulation and unpredictable weather patterns remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the third quarter for earnings of 59 cents per share has increased by 7.3% over the last 30 days.
Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in two out of the last four trailing quarters.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: PPL Corp. reported third quarter 2016 earnings of 63 cents per share, beating the Zacks Consensus Estimate of 59 cents by 6.8%.
Revenue: PPL Corp. lagged the revenue estimates in the third quarter. The company posted revenues of $1,889 million in the third quarter compared with our consensus estimate of $2,000 million.
Key Stats: In the third quarter, domestic retail delivery increased 3.6% year over year while domestic wholesale delivery was flat year-over-year. Meanwhile, international electricity delivery fell 2.7% year over year.
Check back for our full write up on this PPL earnings report later!
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PPL Corp. (PPL) Beats On Q3 Earnings, Revenues Miss
PPL Corporation (PPL - Free Report) , a diversified utility holding company, has operations in the U.S. and the UK. PPL Corp.’s organic growth strategy, systematic investments in utility infrastructure development projects and focus on enhancing customer service are commendable.
However, volatility in fuel prices, stringent environmental regulation and unpredictable weather patterns remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the third quarter for earnings of 59 cents per share has increased by 7.3% over the last 30 days.
Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in two out of the last four trailing quarters.
PPL CORP Price and EPS Surprise
PPL CORP Price and EPS Surprise | PPL CORP Quote
Zacks Rank: Currently, PPL Corp. has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: PPL Corp. reported third quarter 2016 earnings of 63 cents per share, beating the Zacks Consensus Estimate of 59 cents by 6.8%.
Revenue: PPL Corp. lagged the revenue estimates in the third quarter. The company posted revenues of $1,889 million in the third quarter compared with our consensus estimate of $2,000 million.
Key Stats: In the third quarter, domestic retail delivery increased 3.6% year over year while domestic wholesale delivery was flat year-over-year. Meanwhile, international electricity delivery fell 2.7% year over year.
Check back for our full write up on this PPL earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>