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.
Sempra Energy (SRE) Misses on Q2 Earnings, Revenues Down
Read MoreHide Full Article
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.00 has increased by 3 cents over the past 30 days. The company currently has a Zacks Rank #4 (Sell).
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive beat of 7.82%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy missed the earnings expectation by 21%. Our consensus called for second-quarter EPS of $1.00, and the company reported adjusted EPS of 79 cents.
The company reported total revenue of $2,156 million, down from $2,367 million a year-ago.
Key Stats to Note: The company reaffirmed its 2016 adjusted EPS guidance in the range of $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sempra Energy (SRE) Misses on Q2 Earnings, Revenues Down
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.00 has increased by 3 cents over the past 30 days. The company currently has a Zacks Rank #4 (Sell).
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive beat of 7.82%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
SEMPRA ENERGY Price and EPS Surprise
SEMPRA ENERGY Price and EPS Surprise | SEMPRA ENERGY Quote
Earnings: Sempra Energy missed the earnings expectation by 21%. Our consensus called for second-quarter EPS of $1.00, and the company reported adjusted EPS of 79 cents.
The company reported total revenue of $2,156 million, down from $2,367 million a year-ago.
Key Stats to Note: The company reaffirmed its 2016 adjusted EPS guidance in the range of $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>