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PPL Corporation (PPL) to Post Q1 Earnings: What's in Store?

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PPL Corporation (PPL - Free Report) is scheduled to release first-quarter 2023 financial results on May 4, before market open. The company’s fourth-quarter earnings were on par with the estimate.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Factors to Consider

PPL Corporation’s first-quarter earnings are likely to have benefited from ongoing capital investments to strengthen infrastructure and a reduction in O&M expenses through the company’s centralization efforts and asset optimization. Higher demand from residential groups is expected to have boosted first-quarter earnings.

First-quarter earnings are likely to have been adversely impacted by higher interest expenses.

Expectations

The Zacks Consensus Estimate for first-quarter earnings is pegged at 42 cents per share, indicating a year-over-year decline of 2.44%.

The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.86 billion, implying year-over-year growth of 4.2%.

What Our Quantitative Model Predicts

Our proven model predicts an earnings beat for PPL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.

PPL Corporation Price and EPS Surprise

PPL Corporation Price and EPS Surprise

PPL Corporation price-eps-surprise | PPL Corporation Quote

Earnings ESP: The company’s Earnings ESP is +7.69%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, PPL carries a Zacks Rank #3.

Other Stocks to Consider

Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat for the to-be-reported quarter.

Edison International (EIX - Free Report) is likely to come up with an earnings beat when it reports first-quarter results on May 2. It has an Earnings ESP of +0.24% and a Zacks Rank #3 at present.

EIX’s long-term (three- to five-year) earnings growth rate is pegged at 2.92%. The Zacks Consensus Estimate for EIX’s 2023 earnings is pinned at $4.74 per share, indicating year-over-year growth of 2.6%.

Eversource Energy (ES - Free Report) is likely to come up with an earnings beat when it reports first-quarter results on May 3, after market close. It has an Earnings ESP of +0.49% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

ES’ long-term earnings growth rate is pegged at 6.34%. The Zacks Consensus Estimate for the company’s 2023 earnings is pinned at $4.36 per share, indicating a year-over-year increase of 6.6%.

Brookfield Renewable Partners (BEP - Free Report) is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. It has an Earnings ESP of +115.39% and a Zacks Rank #3 at present.

The 2023 bottom-line estimate for BEP is pegged at a loss of 3 cents per unit, implying year-over-year growth of 95%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

 

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