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Sempra (SRE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Sempra (SRE - Free Report) reported revenue of $3.64 billion, down 44.5% over the same period last year. EPS came in at $1.34, compared to $1.46 in the year-ago quarter.
The reported revenue represents a surprise of -41.04% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $1.35, the EPS surprise was -0.74%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sempra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Sempra California: $3.14 billion versus $5.60 billion estimated by two analysts on average.
Revenue- Sempra Infrastructure: $519 million versus $695.17 million estimated by two analysts on average.
Earnings (losses) attributable to common shares- Consolidating Adjustments, Parent & Other: -$95 million versus the two-analyst average estimate of -$103.56 million.
Earnings (losses) attributable to common shares- Sempra Infrastructure: $131 million versus the two-analyst average estimate of $192.81 million.
Earnings (losses) attributable to common shares- Sempra California: $582 million compared to the $631.32 million average estimate based on two analysts.
Shares of Sempra have returned +2.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Sempra (SRE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Sempra (SRE - Free Report) reported revenue of $3.64 billion, down 44.5% over the same period last year. EPS came in at $1.34, compared to $1.46 in the year-ago quarter.
The reported revenue represents a surprise of -41.04% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $1.35, the EPS surprise was -0.74%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sempra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Sempra California: $3.14 billion versus $5.60 billion estimated by two analysts on average.
- Revenue- Sempra Infrastructure: $519 million versus $695.17 million estimated by two analysts on average.
- Earnings (losses) attributable to common shares- Consolidating Adjustments, Parent & Other: -$95 million versus the two-analyst average estimate of -$103.56 million.
- Earnings (losses) attributable to common shares- Sempra Infrastructure: $131 million versus the two-analyst average estimate of $192.81 million.
- Earnings (losses) attributable to common shares- Sempra California: $582 million compared to the $631.32 million average estimate based on two analysts.
View all Key Company Metrics for Sempra here>>>Shares of Sempra have returned +2.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.