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 downward direction over the past 90 days from 90 cents to 82 cents. The company currently has a Zacks Rank #3 (Hold).
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in the last four quarters with an average beat of 14.10%.
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 the earnings expectation by 20.5%. Our consensus called for third-quarter EPS of 83 cents, and the company reported adjusted EPS of $1.00.
Key Stats to Note: The company raised its 2015 adjusted EPS guidance range to $4.95 to $5.15 from $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
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