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Compared to Estimates, PSEG (PEG) Q1 Earnings: A Look at Key Metrics

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PSEG (PEG - Free Report) reported $3.85 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 19.4%. EPS of $1.55 for the same period compares to $1.43 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.27 billion, representing a surprise of +17.59%. The company delivered an EPS surprise of +5.59%, with the consensus EPS estimate being $1.47.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how PSEG performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- PSE&G: $3.09 billion compared to the $2.78 billion average estimate based on two analysts. The reported number represents a change of +15.8% year over year.
  • Operating Income- PSEG Power & Other: $280 million compared to the $278.18 million average estimate based on two analysts.
  • Operating Income- PSE&G: $795 million versus the two-analyst average estimate of $797.97 million.

View all Key Company Metrics for PSEG here>>>

Shares of PSEG have returned -0.7% over the past month versus the Zacks S&P 500 composite's +9.5% 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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