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Sempra Energy (SRE) Q3 Earnings & Revenues Beat Estimates

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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 $1.13 have remained stable on past 7 days.

Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in two out of the last four quarters with an average positive beat of 2.75%.

Sempra Energy Price and EPS Surprise

Sempra Energy Price and EPS Surprise | Sempra Energy Quote

Going further things could definitely change given the company’s recently released earnings results.

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 third quarter surpassed expectation. Our consensus called for EPS of $1.13, while the company reported adjusted EPS of $1.23.

Revenues: The company also exceeded the revenue expectation. Our consensus called for third-quarter revenues of $2,825 million, and the company reported revenues of $2,940 million.

Key Note:  Cash flow from operating activities was $2,591 million at the end of third-quarter 2018, down from $2,704 million at the end of the prior-year period.

Check back later for our full write up on this SRE earnings report later!

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