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PPL Corporation (PPL) Beats on Q2 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 second quarter for earnings of 50 cents per share has increased by 1 cent over the last 90 days.
Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in four out of the last four trailing quarters, resulting in a positive average surprise of 6.96%.
Earnings: PPL Corp. reported second quarter 2017 earnings of 52 cents per share, beating the Zacks Consensus Estimate of 50 cents by 4%.
Revenue: PPL Corp. posted revenues of $1,725 million in the second quarter, down 2.9% compared with Zacks Consensus Estimate of $1,776 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
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PPL Corporation (PPL) Beats on Q2 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 second quarter for earnings of 50 cents per share has increased by 1 cent over the last 90 days.
Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in four out of the last four trailing quarters, resulting in a positive average surprise of 6.96%.
Zacks Rank: Currently, PPL Corp. has a Zacks Rank #2 (Buy). 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:
PPL Corporation Price and EPS Surprise
PPL Corporation Price and EPS Surprise | PPL Corporation Quote
Earnings: PPL Corp. reported second quarter 2017 earnings of 52 cents per share, beating the Zacks Consensus Estimate of 50 cents by 4%.
Revenue: PPL Corp. posted revenues of $1,725 million in the second quarter, down 2.9% compared with Zacks Consensus Estimate of $1,776 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>