PPL Corporation (PPL Quick QuotePPL - Free Report) , a diversified utility holding company, has operations in the U.S. and the UK. PPL Corp.’s organic growth strategy, systematic investments in utility infrastructure development projects and focus on enhancing customer service are commendable.

However, volatility in fuel prices, stringent environmental regulation and unpredictable weather patterns remain potential setbacks.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the second quarter for earnings of 53 cents per share has increased by 2 cents over the last 90 days.

Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in two out of the last four trailing quarters.

Zacks Rank: Currently, PPL Corp. has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: PPL Corp. reported second quarter 2016 earnings of 56 cents per share, beating with the Zacks Consensus Estimate of 53 cents by 5.7%

Revenue: PPL Corp. marginally topped the revenue estimates in the second quarter. The company posted revenues of $1,785 million in the second quarter compared with our consensus estimate of $1,781 million.

Key Stats: In the second quarter, domestic retail delivery decreased 1.1% year over year while domestic wholesale delivery decreased 3%. Meanwhile, international electricity delivery fell 0.9% year over year.

Check back for our full write up on this PPL earnings report later!

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