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Sempra Energy (SRE) Q1 Earnings Miss Estimates, Down Y/Y
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Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and strategic acquisitions is expected to boost its future performance.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.67 have declined by 19.3% over the past 60 days.
Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters with an average positive beat of 14.23%.
Going further things could definitely change given the company’s recently released earnings results.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy’s earnings in first quarter lagged expectation. Our consensus called for first-quarter EPS of $1.67, while the company reported adjusted EPS of $1.43. The company also lagged year ago earnings by 17.8%.
Revenues: The company also missed the revenue expectation. Our consensus called for first-quarter revenues of $3,422 million, and the company reported revenues of $2,962 million. Sempra Energy also lagged year ago revenue by 2.3%.
Key Note: Total gas sales including delivery in the reported quarter was 266 billion cubic feet down 8.3% year over year.
Check back later for our full write up on this SRE earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Sempra Energy (SRE) Q1 Earnings Miss Estimates, Down Y/Y
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and strategic acquisitions is expected to boost its future performance.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.67 have declined by 19.3% over the past 60 days.
Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters with an average positive beat of 14.23%.
Going further things could definitely change given the company’s recently released earnings results.
Sempra Energy Price and EPS Surprise
Sempra Energy Price and EPS Surprise | Sempra Energy Quote
Zacks Rank: The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy’s earnings in first quarter lagged expectation. Our consensus called for first-quarter EPS of $1.67, while the company reported adjusted EPS of $1.43. The company also lagged year ago earnings by 17.8%.
Revenues: The company also missed the revenue expectation. Our consensus called for first-quarter revenues of $3,422 million, and the company reported revenues of $2,962 million. Sempra Energy also lagged year ago revenue by 2.3%.
Key Note: Total gas sales including delivery in the reported quarter was 266 billion cubic feet down 8.3% year over year.
Check back later for our full write up on this SRE earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>