Public Service Enterprise Group Inc expected to post earnings of 52 cents a share - Earnings Preview

Public Service Enterprise

23/02/2024 14:10

* Public Service Enterprise Group Inc  PEG.N   PEG  is
expected
to show a fall in quarterly revenue when it reports  results on
February 26 for the period ending December 31 2023
    * The Newark New Jersey-based  company is expected to report
a
23.5% decrease in revenue to $2.401 billion from $3.14 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. (SAL is based on Total Revenue basis)
    * ​LSEG's mean analyst estimate for Public Service
Enterprise
Group Inc is for earnings of 52 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Public
Service
Enterprise Group Inc is $65.00​, above​ its last closing price
of $60.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.74        0.75       0.85      Beat    13.2
 Jun. 30 2023  0.62        0.63       0.70      Beat    11.4
 Mar. 31 2023  1.26        1.24       1.39      Beat    12.1​
 Dec. 31 2022  0.63        0.63       0.64      Beat    2.4
 ​​Sep.        0.83        0.83       0.86      Beat    3.1
 30 2022                                                
 Jun. 30 2022  0.64        0.64       0.64      Met     -0.6​
 Mar. 31 2022  1.14        1.12       1.33      Beat    18.7
 Dec. 31 2021  0.67        0.66       0.69      Beat    3.8
 This summary was machine generated February 23 at 14:10 GMT. 
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)