We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPL (PPL) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
PPL (PPL - Free Report) closed at $30.37 in the latest trading session, marking a +0.66% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.48%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Coming into today, shares of the energy and utility holding company had gained 12.2% in the past month. In that same time, the Utilities sector gained 7.94%, while the S&P 500 gained 0.08%.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. The company is expected to report EPS of $0.40, up 42.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 8.44% from the prior-year quarter.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $6.34 billion. These results would represent year-over-year changes of +36.19% and +9.59%, respectively.
Investors might also notice recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.27% lower. PPL currently has a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is currently trading at a Forward P/E ratio of 21.05. For comparison, its industry has an average Forward P/E of 20.62, which means PPL is trading at a premium to the group.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PPL (PPL) Gains As Market Dips: What You Should Know
PPL (PPL - Free Report) closed at $30.37 in the latest trading session, marking a +0.66% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.48%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Coming into today, shares of the energy and utility holding company had gained 12.2% in the past month. In that same time, the Utilities sector gained 7.94%, while the S&P 500 gained 0.08%.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. The company is expected to report EPS of $0.40, up 42.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 8.44% from the prior-year quarter.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.43 per share and revenue of $6.34 billion. These results would represent year-over-year changes of +36.19% and +9.59%, respectively.
Investors might also notice recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.27% lower. PPL currently has a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is currently trading at a Forward P/E ratio of 21.05. For comparison, its industry has an average Forward P/E of 20.62, which means PPL is trading at a premium to the group.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.