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PPL (PPL) Suffers a Larger Drop Than the General Market: Key Insights
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PPL (PPL - Free Report) closed the most recent trading day at $32.25, moving -1.92% from the previous trading session. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The energy and utility holding company's shares have seen a decrease of 6.03% over the last month, not keeping up with the Utilities sector's loss of 4.18% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. The company is expected to report EPS of $0.53, up 10.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.44 billion, up 8.82% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $9.77 billion, which would represent changes of +7.73% and +8%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.15% higher. Currently, PPL is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, PPL is at present trading with a Forward P/E ratio of 16.89. This expresses a premium compared to the average Forward P/E of 16.62 of its industry.
It is also worth noting that PPL currently has a PEG ratio of 3.21. 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. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.46.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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PPL (PPL) Suffers a Larger Drop Than the General Market: Key Insights
PPL (PPL - Free Report) closed the most recent trading day at $32.25, moving -1.92% from the previous trading session. This move lagged the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.68%, and the tech-heavy Nasdaq lost 1.13%.
The energy and utility holding company's shares have seen a decrease of 6.03% over the last month, not keeping up with the Utilities sector's loss of 4.18% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. The company is expected to report EPS of $0.53, up 10.42% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.44 billion, up 8.82% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $9.77 billion, which would represent changes of +7.73% and +8%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.15% higher. Currently, PPL is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, PPL is at present trading with a Forward P/E ratio of 16.89. This expresses a premium compared to the average Forward P/E of 16.62 of its industry.
It is also worth noting that PPL currently has a PEG ratio of 3.21. 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. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.46.
The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.