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PPL (PPL) Increases Despite Market Slip: Here's What You Need to Know
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PPL (PPL - Free Report) closed the most recent trading day at $32.58, moving +1.46% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the energy and utility holding company had lost 5.92% over the past month, outpacing the Utilities sector's loss of 7.05% and lagging the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. In that report, analysts expect PPL to post earnings of $0.53 per share. This would mark year-over-year growth of 10.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.44 billion, up 8.82% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $9.73 billion, signifying shifts of +7.73% and +7.55%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.15% higher. PPL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, PPL currently has a Forward P/E ratio of 16.49. This represents a premium compared to its industry average Forward P/E of 16.19.
Meanwhile, PPL's PEG ratio is currently 3.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Utility - Electric Power industry was having an average PEG ratio of 2.38.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 45% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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PPL (PPL) Increases Despite Market Slip: Here's What You Need to Know
PPL (PPL - Free Report) closed the most recent trading day at $32.58, moving +1.46% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the energy and utility holding company had lost 5.92% over the past month, outpacing the Utilities sector's loss of 7.05% and lagging the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. In that report, analysts expect PPL to post earnings of $0.53 per share. This would mark year-over-year growth of 10.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.44 billion, up 8.82% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $9.73 billion, signifying shifts of +7.73% and +7.55%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.15% higher. PPL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, PPL currently has a Forward P/E ratio of 16.49. This represents a premium compared to its industry average Forward P/E of 16.19.
Meanwhile, PPL's PEG ratio is currently 3.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Utility - Electric Power industry was having an average PEG ratio of 2.38.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 45% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.