Public Service Enterprise Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Public Service Enterprise

04/11/2024 15:27

* Public Service Enterprise Group Inc  PEG.N  reported
quarterly
adjusted earnings of 90 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 85 cents.  The mean expectation of
seventeen analysts for the quarter was for earnings of 87 cents
per share. Wall Street expected results to range from 80 cents
to $1.00 per share.
    * Revenue rose 7.6% to $2.64 billion from a year ago;
analysts
expected $2.50 billion. 
    * Public Service Enterprise Group Inc's reported EPS for the
quarter was $1.04​.
    * The company reported quarterly net income of $520 million.
    * Public Service Enterprise Group Inc shares had fallen
by 2.1%
this quarter and gained 42.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 9
"hold" and 2 "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 Public Service
Enterprise Group Inc is 96.00 
This summary was machine generated from LSEG data November 4 at
03:27 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      0.63           0.90           Beat
 Jun. 30 2024      1.31           0.63           Missed
 Mar. 31 2024      1.31           1.31           Met
 Dec. 31 2023      0.52           0.54           Beat