We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
PPL (PPL) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
PPL (PPL - Free Report) closed the most recent trading day at $35.85, moving +1.1% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.5%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.31%.
Coming into today, shares of the energy and utility holding company had lost 0.89% in the past month. In that same time, the Utilities sector lost 2.17%, while the S&P 500 lost 0.23%.
The upcoming earnings release of PPL will be of great interest to investors. It is anticipated that the company will report an EPS of $0.35, marking a 9.38% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.15 billion, up 6.19% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $9.57 billion, signifying shifts of +7.73% and +5.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, PPL holds a Zacks Rank of #4 (Sell).
From a valuation perspective, PPL is currently exchanging hands at a Forward P/E ratio of 18.21. This signifies a premium in comparison to the average Forward P/E of 17.8 for its industry.
One should further note that PPL currently holds a PEG ratio of 2.42. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Utility - Electric Power industry stood at 2.64 at the close of the market yesterday.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
PPL (PPL) Outperforms Broader Market: What You Need to Know
PPL (PPL - Free Report) closed the most recent trading day at $35.85, moving +1.1% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.5%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.31%.
Coming into today, shares of the energy and utility holding company had lost 0.89% in the past month. In that same time, the Utilities sector lost 2.17%, while the S&P 500 lost 0.23%.
The upcoming earnings release of PPL will be of great interest to investors. It is anticipated that the company will report an EPS of $0.35, marking a 9.38% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.15 billion, up 6.19% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $9.57 billion, signifying shifts of +7.73% and +5.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, PPL holds a Zacks Rank of #4 (Sell).
From a valuation perspective, PPL is currently exchanging hands at a Forward P/E ratio of 18.21. This signifies a premium in comparison to the average Forward P/E of 17.8 for its industry.
One should further note that PPL currently holds a PEG ratio of 2.42. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Utility - Electric Power industry stood at 2.64 at the close of the market yesterday.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.