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Sempra Energy (SRE) Tops Q1 Earnings & Revenue Estimates
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Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average negative beat of 4.66%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy surpassed the earnings expectation. Our consensus called for first-quarter EPS of $1.59, and the company reported adjusted EPS of $1.74.
Revenues: The company also exceeded the revenue expectation. Our consensus called for first-quarter revenues of $2,873.9 million, and the company reported revenues of $3,031 million.
Key Stats to Note: The company reaffirmed its 2017 earnings-per-share expectation in the band of $4.85 to $5.25.
Check back later for our full write up on this SRE earnings report later!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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Sempra Energy (SRE) Tops Q1 Earnings & Revenue Estimates
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.59 has remained unchanged over the past 30 days. The company currently has a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average negative beat of 4.66%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy surpassed the earnings expectation. Our consensus called for first-quarter EPS of $1.59, and the company reported adjusted EPS of $1.74.
Sempra Energy Price and EPS Surprise
Sempra Energy Price and EPS Surprise | Sempra Energy Quote
Revenues: The company also exceeded the revenue expectation. Our consensus called for first-quarter revenues of $2,873.9 million, and the company reported revenues of $3,031 million.
Key Stats to Note: The company reaffirmed its 2017 earnings-per-share expectation in the band of $4.85 to $5.25.
Check back later for our full write up on this SRE earnings report later!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>