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PPL (PPL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, PPL (PPL - Free Report) closed at $29.13, marking a -0.88% move from the previous day. This change lagged the S&P 500's daily gain of 0.43%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Coming into today, shares of the energy and utility holding company had gained 10.12% in the past month. In that same time, the Utilities sector gained 8.26%, while the S&P 500 gained 3.69%.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. In that report, analysts expect PPL to post earnings of $0.41 per share. This would mark year-over-year growth of 46.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.62 billion, up 8.44% from the year-ago period.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $6.38 billion. These results would represent year-over-year changes of +36.19% and +10.28%, respectively.
It is also important to note the recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.27% lower within the past month. PPL is currently a Zacks Rank #3 (Hold).
Investors should also note PPL's current valuation metrics, including its Forward P/E ratio of 20.5. This valuation marks a premium compared to its industry's average Forward P/E of 20.31.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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PPL (PPL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, PPL (PPL - Free Report) closed at $29.13, marking a -0.88% move from the previous day. This change lagged the S&P 500's daily gain of 0.43%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Coming into today, shares of the energy and utility holding company had gained 10.12% in the past month. In that same time, the Utilities sector gained 8.26%, while the S&P 500 gained 3.69%.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. In that report, analysts expect PPL to post earnings of $0.41 per share. This would mark year-over-year growth of 46.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.62 billion, up 8.44% from the year-ago period.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $6.38 billion. These results would represent year-over-year changes of +36.19% and +10.28%, respectively.
It is also important to note the recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.27% lower within the past month. PPL is currently a Zacks Rank #3 (Hold).
Investors should also note PPL's current valuation metrics, including its Forward P/E ratio of 20.5. This valuation marks a premium compared to its industry's average Forward P/E of 20.31.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.