Back to top

Image: Bigstock

Public Service Enterprise (PEG) Q4 Earnings Top Estimates

Read MoreHide Full Article

Newark, NJ-based Public Service Enterprise Group Inc. (PEG - Free Report) or PSEG is a diversified utility holding company. Its operations are mostly located in the Northeastern and Mid-Atlantic parts of the U.S.

Public Service Enterprise has a solid portfolio of regulated utility assets that offer a stable earnings and significant long-term growth potential.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 62 cents per share has remained stable over the last 7 days.

Coming to the earnings surprise, Public Service Enterprise has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 1.91%.

Zacks Rank: Currently, Public Service Enterprise has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2019 earnings report which has just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Public Service Enterprise surpassed earnings estimate. Operating earnings per share came in at 64 cents, compared with the Zacks Consensus Estimate of 62 cents.

Revenue: Revenues of $2,478 million missed the Zacks Consensus Estimate of $2,854 million.

Guidance: The company issued its 2020 guidance. Adjusted earnings are projected to be $3.30-$3.50 per share.

Stock Price: It would be interesting to see how the market reacts to the fourth quarter earnings beat during the trading session today.

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

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>


 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Public Service Enterprise Group Incorporated (PEG) - free report >>

Published in