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Just Energy (JE) to Report Q3 Earnings: What's in Store?
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Just Energy Group Inc. is set to report third-quarter fiscal 2020 results on Feb 10, before the market opens. This diversified utility delivered a positive earnings surprise of 400% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors at Play
During the fiscal third quarter, Just Energy completed the previously announced sale of Hudson Energy Supply UK Limited (“Hudson UK”) to Shell Energy Retail Limited. This deal helped Just Energy to emphasize on its efforts to streamline the company and focus more on high-margin North American operations. This deal is likely to have positively impacted its performance. The company completed the sale of assets in Georgia and Irish business toward the end of the quarter.
Just Energy’s earnings in to-be-reported quarter are likely to have benefited from cost-saving initiatives undertaken by the company.
The Zacks Consensus Estimate for third-quarter fiscal 2020 is currently pegged at a loss of 1 cent, while the same for revenues is $564.4 million.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Just Energy this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Just Energy currently carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameren Corporation (AEE - Free Report) is slated to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +2.73% and a Zacks Rank #3.
CenterPoint Energy Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
The AES Corporation (AES - Free Report) is slated to release fourth-quarter 2019 results on Feb 28. It has an Earnings ESP of +0.76% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Just Energy (JE) to Report Q3 Earnings: What's in Store?
Just Energy Group Inc. is set to report third-quarter fiscal 2020 results on Feb 10, before the market opens. This diversified utility delivered a positive earnings surprise of 400% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors at Play
During the fiscal third quarter, Just Energy completed the previously announced sale of Hudson Energy Supply UK Limited (“Hudson UK”) to Shell Energy Retail Limited. This deal helped Just Energy to emphasize on its efforts to streamline the company and focus more on high-margin North American operations. This deal is likely to have positively impacted its performance. The company completed the sale of assets in Georgia and Irish business toward the end of the quarter.
Just Energy’s earnings in to-be-reported quarter are likely to have benefited from cost-saving initiatives undertaken by the company.
The Zacks Consensus Estimate for third-quarter fiscal 2020 is currently pegged at a loss of 1 cent, while the same for revenues is $564.4 million.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Just Energy this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Just Energy Group, Inc. Price and EPS Surprise
Just Energy Group, Inc. price-eps-surprise | Just Energy Group, Inc. Quote
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Just Energy currently carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Ameren Corporation (AEE - Free Report) is slated to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +2.73% and a Zacks Rank #3.
CenterPoint Energy Inc. (CNP - Free Report) is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
The AES Corporation (AES - Free Report) is slated to release fourth-quarter 2019 results on Feb 28. It has an Earnings ESP of +0.76% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>