We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPL Corp (PPL) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
PPL Corporation (PPL - Free Report) is set to release second-quarter 2020 results on Aug 10, before market open. The company delivered an earnings surprise of 1.05% in the trailing four quarters, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Second-quarter results are likely to reflect the negative impact of soft demand from the commercial and industrial (C&I) customers group due to coronavirus-induced lockdown. However, stay-at-home directives to break the chain are expected to have perked up residential demand and marginally offset the shrinking demand from the C&I group. Also, the company provided payment flexibility and suspended disconnection to support its U.S. customers during the pandemic, which might have impacted the second-quarter earnings.
Meanwhile, amid fluctuating currency prices, PPL Corp hedged nearly 86% of its U.K. earnings for the remainder of 2020, which is expected to positively impact the June-quarter results.
Q2 Estimates
The Zacks Consensus Estimate for second-quarter earnings is pegged at 56 cents, indicating a decline of 3.45% from the year-ago reported figure.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for PPL Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: PPL Corp has an Earnings ESP of -1.79%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PPL Corp carries a Zacks Rank #3.
Peer Results
Earnings of some electric utilities surpassed the Zacks Consensus Estimate this reporting cycle, which include FirstEnergy Corporation (FE - Free Report) , Xcel Energy Inc. (XEL - Free Report) and NiSource Inc (NI - Free Report) . FirstEnergy’s earnings beat estimates by 3.64% while Xcel Energy’s results outpaced the same by 17.4%. Also, NiSource’s earnings surpassed the mark by 85.7%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
PPL Corp (PPL) to Report Q2 Earnings: What's in the Cards?
PPL Corporation (PPL - Free Report) is set to release second-quarter 2020 results on Aug 10, before market open. The company delivered an earnings surprise of 1.05% in the trailing four quarters, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Second-quarter results are likely to reflect the negative impact of soft demand from the commercial and industrial (C&I) customers group due to coronavirus-induced lockdown. However, stay-at-home directives to break the chain are expected to have perked up residential demand and marginally offset the shrinking demand from the C&I group. Also, the company provided payment flexibility and suspended disconnection to support its U.S. customers during the pandemic, which might have impacted the second-quarter earnings.
Meanwhile, amid fluctuating currency prices, PPL Corp hedged nearly 86% of its U.K. earnings for the remainder of 2020, which is expected to positively impact the June-quarter results.
Q2 Estimates
The Zacks Consensus Estimate for second-quarter earnings is pegged at 56 cents, indicating a decline of 3.45% from the year-ago reported figure.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for PPL Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Earnings ESP: PPL Corp has an Earnings ESP of -1.79%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PPL Corp carries a Zacks Rank #3.
Peer Results
Earnings of some electric utilities surpassed the Zacks Consensus Estimate this reporting cycle, which include FirstEnergy Corporation (FE - Free Report) , Xcel Energy Inc. (XEL - Free Report) and NiSource Inc (NI - Free Report) . FirstEnergy’s earnings beat estimates by 3.64% while Xcel Energy’s results outpaced the same by 17.4%. Also, NiSource’s earnings surpassed the mark by 85.7%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>