Public Service Enterprise Group Inc reports results for the quarter ended in December - Earnings Summary

Public Service Enterprise

26/02/2024 14:30

* Public Service Enterprise Group Inc  PEG.N  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 64 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 52 cents
per share. Wall Street expected results to range from 49 cents
to 55 cents per share.
    * Revenue fell 17% to $2.61 billion from a year ago;
analysts
expected $2.40 billion. 
    * Public Service Enterprise Group Inc's reported EPS for the
quarter was $1.10​.
    * The company reported quarterly net income of $546 million.
    * Public Service Enterprise Group Inc shares had fallen
by 0.7%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the multiline
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Public Service
Enterprise Group Inc is $65.00 
This summary was machine generated from LSEG data February 26 at
02:30 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
 Dec. 31 2023      0.52           0.54           Beat
 Sep. 30 2023      0.75           0.85           Beat
 Jun. 30 2023      0.63           0.70           Beat
 Mar. 31 2023      1.24           1.39           Beat