Sempra Energy (SRE), an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy has moved upward direction over the past 30 days. The company currently has a Zacks Rank #3 (Hold).
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 11.32%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy surpassed in the second quarter by 8.4%. Our consensus called for second-quarter EPS of 95 cents, and the company reported adjusted EPS of $1.03.
Revenue: Sempra Energy also missed on the revenue estimates. The company posted revenues of $2,367.0 million, compared to our second-quarter consensus estimate of $2,676.0 million.
Key Stats to Note: The company maintained its adjusted EPS to be between $4.60 to $5.00 for 2015.
Check back later for our full write up on this SRE earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment