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

Public Service Enterprise

01/08/2023 14:31

* Public Service Enterprise Group Inc  PEG.N  reported
quarterly
adjusted earnings of 70 cents​​ per share for the quarter ended
in June. The mean expectation of sixteen analysts for the
quarter was for earnings of 63 cents per share.
    * Revenue rose 16.6% to $2.42 billion from a year ago;
analysts
expected $1.95 billion. 
    * Public Service Enterprise Group Inc's reported EPS for the
quarter was $1.18​.
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Public Service Enterprise Group Inc shares had risen
by 0.8%
this quarter and gained 3.0% so far this year.
    * The company reported quarterly net income of $591 million.
    * Wall Street's median 12-month price target for Public
Service
Enterprise Group Inc is $67.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.63           0.70           Beat
 Mar. 31 2023      1.24           1.39           Beat
 Dec. 31 2022      0.63           0.64           Beat
 Sep. 30 2022      0.83           0.86           Beat