PPL Corp reports results for the quarter ended in September 30 - Earnings Summary

PPL

01/11/2024 14:25

* PPL Corp  PPL.N  reported quarterly adjusted earnings of
42
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 36 cents to 46 cents per share.
    * Revenue rose 1.1% to $2.07 billion from a year ago;
analysts
expected $1.91 billion. 
    * PPL Corp's reported EPS for the quarter was 29 cents​.
    * The company reported quarterly net income of $214 million.
    * PPL Corp shares had fallen by 1.6% this quarter and
gained 20.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "buy"

Wall Street's median 12-month price target for PPL Corp is 34.50
This summary was machine generated from LSEG data November 1 at
02:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.42           0.42           Met
 Jun. 30 2024                     0.38           
 Mar. 31 2024      0.50           0.54           Beat
 Dec. 31 2023      0.38           0.40           Beat