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PPL Gears Up for Q4 Earnings: What's in Store for the Stock?
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PPL Corporation (PPL - Free Report) is set to release fourth-quarter 2020 results on Feb 18, before market open. The company delivered a negative earnings surprise of 1.53% 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
With the restoration of economic activities, demand for utility service is rising and is gradually returning to the pre-pandemic levels. PPL Corp. with its wide customer base in expected to have benefited from this uptrend in fourth quarter. Also, the company’s U.K. Regulated segments’ fourth-quarter results are protected against any currency headwind as it already hedged 100% of its foreign earnings.
Deployment of automated smart grid technology to its service territories significantly reduced outages and is expected to have aided its earnings in the fourth quarter.
However, lower share count is expected to have dented PPL Corp.’s earnings in the fourth quarter.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 61 cents, indicating an increase of 7.02% from the year-ago quarter’s 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 0.00%. 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.
Stocks to Consider
Here are some companies worth considering from the same sector, which according to our model, have the right combination of elements to beat on earnings in the upcoming releases.
ONE Gas, Inc. (OGS - Free Report) is set to release fourth-quarter 2020 results on Feb 17. It has an Earnings ESP of +2.36% and is Zacks #3 Ranked, presently.
Exelon Corporation (EXC - Free Report) is set to release fourth-quarter 2020 results on Feb 24. It has an Earnings ESP of +2.34% and is a #3 Ranked player at present.
Essential Utilities Inc. (WTRG - Free Report) is set to release fourth-quarter 2020 results on Feb 24. It has an Earnings ESP of +2.20% and a Zacks Rank of 3 at present.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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PPL Gears Up for Q4 Earnings: What's in Store for the Stock?
PPL Corporation (PPL - Free Report) is set to release fourth-quarter 2020 results on Feb 18, before market open. The company delivered a negative earnings surprise of 1.53% 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
With the restoration of economic activities, demand for utility service is rising and is gradually returning to the pre-pandemic levels. PPL Corp. with its wide customer base in expected to have benefited from this uptrend in fourth quarter. Also, the company’s U.K. Regulated segments’ fourth-quarter results are protected against any currency headwind as it already hedged 100% of its foreign earnings.
Deployment of automated smart grid technology to its service territories significantly reduced outages and is expected to have aided its earnings in the fourth quarter.
However, lower share count is expected to have dented PPL Corp.’s earnings in the fourth quarter.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Q4 Estimates
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 61 cents, indicating an increase of 7.02% from the year-ago quarter’s 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 0.00%. 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.
Stocks to Consider
Here are some companies worth considering from the same sector, which according to our model, have the right combination of elements to beat on earnings in the upcoming releases.
ONE Gas, Inc. (OGS - Free Report) is set to release fourth-quarter 2020 results on Feb 17. It has an Earnings ESP of +2.36% and is Zacks #3 Ranked, presently.
Exelon Corporation (EXC - Free Report) is set to release fourth-quarter 2020 results on Feb 24. It has an Earnings ESP of +2.34% and is a #3 Ranked player at present.
Essential Utilities Inc. (WTRG - Free Report) is set to release fourth-quarter 2020 results on Feb 24. It has an Earnings ESP of +2.20% and a Zacks Rank of 3 at present.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
AccessZacks Top 10 Stocks for 2021 today >>