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) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
PPL (PPL - Free Report) closed the most recent trading day at $36.29, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
The stock of energy and utility holding company has fallen by 2.01% in the past month, lagging the Utilities sector's loss of 1.28% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of PPL in its upcoming release. The company is expected to report EPS of $0.35, up 9.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.15 billion, indicating a 6.19% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $9.63 billion, indicating changes of +7.73% and +6.47%, respectively, compared to the previous 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. PPL is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, PPL currently has a Forward P/E ratio of 18.26. This expresses a premium compared to the average Forward P/E of 18.11 of its industry.
Also, we should mention that PPL has a PEG ratio of 2.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.67.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
PPL (PPL) Gains As Market Dips: What You Should Know
PPL (PPL - Free Report) closed the most recent trading day at $36.29, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
The stock of energy and utility holding company has fallen by 2.01% in the past month, lagging the Utilities sector's loss of 1.28% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of PPL in its upcoming release. The company is expected to report EPS of $0.35, up 9.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.15 billion, indicating a 6.19% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $9.63 billion, indicating changes of +7.73% and +6.47%, respectively, compared to the previous 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. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. PPL is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, PPL currently has a Forward P/E ratio of 18.26. This expresses a premium compared to the average Forward P/E of 18.11 of its industry.
Also, we should mention that PPL has a PEG ratio of 2.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.67.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.