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PPL (PPL) Declines More Than Market: Some Information for Investors
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PPL (PPL - Free Report) ended the recent trading session at $23.68, demonstrating a -0.34% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq added 0.27%.
The the stock of energy and utility holding company has fallen by 5.45% in the past month, leading the Utilities sector's loss of 12.93% and undershooting the S&P 500's loss of 3.95%.
The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. The company's upcoming EPS is projected at $0.46, signifying a 12.2% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.2 billion, indicating a 3.23% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.58 per share and a revenue of $7.97 billion, signifying shifts of +12.06% and +0.87%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for PPL. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. PPL currently has a Zacks Rank of #3 (Hold).
Digging into valuation, PPL currently has a Forward P/E ratio of 15.01. For comparison, its industry has an average Forward P/E of 14.37, which means PPL is trading at a premium to the group.
It's also important to note that PPL currently trades at a PEG ratio of 2.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Utility - Electric Power industry was having an average PEG ratio of 2.65.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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PPL (PPL) Declines More Than Market: Some Information for Investors
PPL (PPL - Free Report) ended the recent trading session at $23.68, demonstrating a -0.34% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq added 0.27%.
The the stock of energy and utility holding company has fallen by 5.45% in the past month, leading the Utilities sector's loss of 12.93% and undershooting the S&P 500's loss of 3.95%.
The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. The company's upcoming EPS is projected at $0.46, signifying a 12.2% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.2 billion, indicating a 3.23% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.58 per share and a revenue of $7.97 billion, signifying shifts of +12.06% and +0.87%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for PPL. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. PPL currently has a Zacks Rank of #3 (Hold).
Digging into valuation, PPL currently has a Forward P/E ratio of 15.01. For comparison, its industry has an average Forward P/E of 14.37, which means PPL is trading at a premium to the group.
It's also important to note that PPL currently trades at a PEG ratio of 2.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Utility - Electric Power industry was having an average PEG ratio of 2.65.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 68, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.