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PPL Corp. (PPL) Beats on Q4 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 fourth quarter for earnings of 52 cents per share has increased by 4% over the last 60 days.

Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in two out of the last four trailing quarters.

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 fourth quarter 2016 earnings of 60 cents per share, beating the Zacks Consensus Estimate of 52 cents by 15.4%.

PPL Corporation Price and EPS Surprise

PPL Corporation Price and EPS Surprise | PPL Corporation Quote

Revenue: PPL Corp. lagged the revenue estimates in the fourth quarter. The company posted revenues of $1,832 million in the fourth quarter compared with our consensus estimate of $2,209 million.

Key Stats: In the fourth quarter, domestic retail delivery increased 5.3% year over year while domestic wholesale delivery rose 28.5% year-over-year. Meanwhile, international electricity delivery fell 0.1% year over year.

Check back for our full write up on this PPL earnings report later!

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