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PPL (PPL) Gains As Market Dips: What You Should Know
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In the latest close session, PPL (PPL - Free Report) was up +1.57% at $35.53. This change outpaced the S&P 500's 0.53% loss on the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 1%.
The energy and utility holding company's stock has climbed by 2.94% in the past month, exceeding the Utilities sector's loss of 1.94% and the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. The company is expected to report EPS of $0.41, up 20.59% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.35 billion, indicating a 6.28% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.81 per share and a revenue of $8.74 billion, demonstrating changes of +7.1% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.2% lower within the past month. PPL is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, PPL is presently trading at a Forward P/E ratio of 17.88. Its industry sports an average Forward P/E of 17.32, so one might conclude that PPL is trading at a premium comparatively.
We can also see that PPL currently has a PEG ratio of 2.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.53.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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PPL (PPL) Gains As Market Dips: What You Should Know
In the latest close session, PPL (PPL - Free Report) was up +1.57% at $35.53. This change outpaced the S&P 500's 0.53% loss on the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 1%.
The energy and utility holding company's stock has climbed by 2.94% in the past month, exceeding the Utilities sector's loss of 1.94% and the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. The company is expected to report EPS of $0.41, up 20.59% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.35 billion, indicating a 6.28% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.81 per share and a revenue of $8.74 billion, demonstrating changes of +7.1% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.2% lower within the past month. PPL is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, PPL is presently trading at a Forward P/E ratio of 17.88. Its industry sports an average Forward P/E of 17.32, so one might conclude that PPL is trading at a premium comparatively.
We can also see that PPL currently has a PEG ratio of 2.44. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.53.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.