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 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 8.80%.
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 fourth quarter by 14 cents. Our consensus called for fourth-quarter EPS of $1.09, and the company reported EPS of $1.23.
Revenue: Sempra Energy missed the revenue estimates in the fourth quarter. The company posted revenues of $2,747 million in the fourth quarter, compared to our consensus estimate of $3,037 million.
Key Stats to Note: In the fourth quarter, Sempra Energy’s cost of sales and other expenses, depreciation and amortization, and interest expenses stood at $2,047 million, $290 million and $129 million, respectively.
Stock Price: Shares were down almost 1.5% 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 later for our full write up on this SRE earnings report later!
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