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PPL Corp (PPL) to Report Q1 Earnings: What's in the Cards?
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PPL Corporation (PPL - Free Report) is set to release first-quarter results on May 8, before market open. The company delivered a positive earnings surprise of 7.55% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
The company has hedged nearly 90% of its foreign currency, which will safeguard its interest amid fluctuating currency prices. The company’s first-quarter results are likely to reflect the impact of the same.
Demand from commercial and industrial (C&I) customers is expected to have declined in the first quarter due to the coronavirus outbreak. However, the stay-at-home directives are expected to have increased demand from the residential class. This is likely to have marginally offset decline in demand from the C&I space in the first quarter.
Q1 Estimates
The Zacks Consensus Estimate for first-quarter earnings is pegged at 72 cents, which indicates a rise of 2.86% year over year.
Our proven model doesn’t conclusively predict an earnings beat for PPL Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. 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: Currently, PPL Corp carries a Zacks Rank #3.
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.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +0.35% and a Zacks Rank #3.
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This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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PPL Corp (PPL) to Report Q1 Earnings: What's in the Cards?
PPL Corporation (PPL - Free Report) is set to release first-quarter results on May 8, before market open. The company delivered a positive earnings surprise of 7.55% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
The company has hedged nearly 90% of its foreign currency, which will safeguard its interest amid fluctuating currency prices. The company’s first-quarter results are likely to reflect the impact of the same.
Demand from commercial and industrial (C&I) customers is expected to have declined in the first quarter due to the coronavirus outbreak. However, the stay-at-home directives are expected to have increased demand from the residential class. This is likely to have marginally offset decline in demand from the C&I space in the first quarter.
Q1 Estimates
The Zacks Consensus Estimate for first-quarter earnings is pegged at 72 cents, which indicates a rise of 2.86% year over year.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for PPL Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. 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: Currently, PPL Corp carries a Zacks Rank #3.
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.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +0.35% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>