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Stay Ahead of the Game With PSEG (PEG) Q3 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts expect PSEG (PEG - Free Report) to post quarterly earnings of $1.21 per share in its upcoming report, which indicates a year-over-year increase of 7.1%. Revenues are expected to be $3.3 billion, up 2.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 6.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some PSEG metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenue- PSE&G' will reach $2.65 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
The average prediction of analysts places 'Operating Income- PSEG Power & Other' at $222.74 million. The estimate is in contrast to the year-ago figure of $153.00 million.
According to the collective judgment of analysts, 'Operating Income- PSE&G' should come in at $771.87 million. Compared to the current estimate, the company reported $702.00 million in the same quarter of the previous year.
PSEG shares have witnessed a change of +7.6% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), PEG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With PSEG (PEG) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect PSEG (PEG - Free Report) to post quarterly earnings of $1.21 per share in its upcoming report, which indicates a year-over-year increase of 7.1%. Revenues are expected to be $3.3 billion, up 2.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 6.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some PSEG metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenue- PSE&G' will reach $2.65 billion. The estimate indicates a change of +4.5% from the prior-year quarter.
The average prediction of analysts places 'Operating Income- PSEG Power & Other' at $222.74 million. The estimate is in contrast to the year-ago figure of $153.00 million.
According to the collective judgment of analysts, 'Operating Income- PSE&G' should come in at $771.87 million. Compared to the current estimate, the company reported $702.00 million in the same quarter of the previous year.
View all Key Company Metrics for PSEG here>>>PSEG shares have witnessed a change of +7.6% in the past month, in contrast to the Zacks S&P 500 composite's -0.2% move. With a Zacks Rank #3 (Hold), PEG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .