PPL Corporation (PPL), a diversified utility holding company, has operations in the U.S. and the UK. The Allentown, PA-based utility provider serves 10.5 million customers through its subsidiaries.
PPL Corp.’s stable financial position, systematic investments in utility infrastructure development projects and asset divestment program are in sync with its long-term business strategy. In addition, its practice of paying regular dividend is commendable.
However, volatility in fuel prices, stringent environmental regulation and unpredictable weather pattern remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that Zacks Consensus Estimate for the second quarter for earnings of 47 cents per share has decreased 4.1% over the last 90 days.
Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in all the last four trailing quarters, resulting in a positive average surprise of 12.82%.
Zacks Rank: Currently, PPL Corp. has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: PPL Corp. surpassed the second quarter earnings estimates. Our consensus called for second-quarter EPS of 47 cents, and the company reported EPS of 49 cents.
Revenue: PPL Corp. missed the revenue estimates in the second quarter. The company posted revenues of $1,781 million in the second quarter, compared to our consensus estimate of $2,909 million.
Key Stats : In the second quarter, domestic retail delivery increased 0.5% year over year while domestic wholesale delivery decreased 6.2%. Meanwhile, international electricity delivery rose 1.9% year over year.
Stock Price: Shares went up 0.95% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back for our full write up on this PPL earnings report later!
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