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PPL (PPL) Stock Dips While Market Gains: Key Facts
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PPL (PPL - Free Report) closed the most recent trading day at $36.11, moving -2.11% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Prior to today's trading, shares of the energy and utility holding company had gained 3.22% lagged the Utilities sector's gain of 3.93% and outpaced the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 7.04% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and a revenue of $9.69 billion, representing changes of +7.73% and +7.22%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Currently, PPL is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is presently being traded at a Forward P/E ratio of 18.92. This indicates a premium in contrast to its industry's Forward P/E of 18.72.
It is also worth noting that PPL currently has a PEG ratio of 2.52. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power industry currently had an average PEG ratio of 2.81 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 42% 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.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
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PPL (PPL) Stock Dips While Market Gains: Key Facts
PPL (PPL - Free Report) closed the most recent trading day at $36.11, moving -2.11% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Prior to today's trading, shares of the energy and utility holding company had gained 3.22% lagged the Utilities sector's gain of 3.93% and outpaced the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 7.04% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and a revenue of $9.69 billion, representing changes of +7.73% and +7.22%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Currently, PPL is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is presently being traded at a Forward P/E ratio of 18.92. This indicates a premium in contrast to its industry's Forward P/E of 18.72.
It is also worth noting that PPL currently has a PEG ratio of 2.52. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power industry currently had an average PEG ratio of 2.81 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 42% 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.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.