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Sempra Energy (SRE) Beats on Q3 Earnings, Revenues Miss
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Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average negative beat of 0.47%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy surpassed the earnings expectation by 5.2%. Our consensus called for third-quarter EPS of 97 cents, and the company reported adjusted EPS of $1.02.
Revenues: The company missed the revenue expectation by 4.9%. Our consensus called for third-quarter revenues of $2,665 million, and the company reported revenues of $2,535 million.
Key Stats to Note: The company reaffirmed its 2016 adjusted EPS guidance in the range of $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
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Sempra Energy (SRE) Beats on Q3 Earnings, Revenues Miss
Sempra Energy (SRE - Free Report) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
SEMPRA ENERGY Price and EPS Surprise
SEMPRA ENERGY Price and EPS Surprise | SEMPRA ENERGY Quote
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of 97 cents has increased by 3 cents over the past 7 days. The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here..
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average negative beat of 0.47%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy surpassed the earnings expectation by 5.2%. Our consensus called for third-quarter EPS of 97 cents, and the company reported adjusted EPS of $1.02.
Revenues: The company missed the revenue expectation by 4.9%. Our consensus called for third-quarter revenues of $2,665 million, and the company reported revenues of $2,535 million.
Key Stats to Note: The company reaffirmed its 2016 adjusted EPS guidance in the range of $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>