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PPL Corporation (PPL) Beats on Q3 Earnings, Ups Guidance

Zacks Equity Research
Updated

PPL Corporation PPL, a diversified utility holding company, has operations in the U.S. and the UK. PPL Corp.’s organic growth strategy, systematic investments in utility infrastructure development projects and focus on enhancing customer service are commendable.

However, volatility in fuel prices, stringent environmental regulation and unpredictable weather patterns remain potential setbacks.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the third quarter for earnings of 53 cents per share has decreased by 5.4% over the last 90 days.

Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in four out of the last four trailing quarters, resulting in a positive average surprise of 6.54%.

Zacks Rank: Currently, PPL Corp. has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

We have mentioned below some of the vital information from this just-revealed announcement:

PPL Corporation Price and EPS Surprise

 

PPL Corporation Price and EPS Surprise | PPL Corporation Quote

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Earnings: PPL Corp. reported third quarter 2017 earnings of 56 cents per share, beating the Zacks Consensus Estimate of 53 cents by 5.7%.

Revenue: PPL Corp. posted revenues of $1,845 million in the third quarter, down 2.6% compared with Zacks Consensus Estimate of $1,895 million.

Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.

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Zacks Investment Research