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PPL Gears Up to Report Q3 Earnings: What's in the Offing?
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PPL Corporation (PPL - Free Report) is set to release third-quarter 2022 results on Nov 4, before market open. It witnessed an earnings surprise of 3.45% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in PPL Corporation’s service territories, the increase in electric sales volume in Pennsylvania and Kentucky and the addition of Rhode Island Energy are likely to have boosted third-quarter earnings.
Cost savings initiatives implemented by the company are expected to have benefited third-quarter results. A reduction in the long-term debt balance and the resultant decline in interest expenses are expected to have boosted margins in the quarter.
Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 41 cents per share, indicating a rise of 13.9% from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.7 billion, indicating a rise of 9.9% from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PPL Corporation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
Investors can consider the following players from the same industry that have the right combination of elements to beat earnings in this reporting cycle.
Ameren Corporation (AEE - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AEE has an Earnings ESP of +1.4% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation (AES - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AES has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
Brookfield Renewable Partners (BEP - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. BEP has an Earnings ESP of +28.57% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for BEP’s 2022 and 2023 earnings per unit indicates 62.3% and 132.9% year-over-year growth, respectively.
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PPL Gears Up to Report Q3 Earnings: What's in the Offing?
PPL Corporation (PPL - Free Report) is set to release third-quarter 2022 results on Nov 4, before market open. It witnessed an earnings surprise of 3.45% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
The ongoing economic development in PPL Corporation’s service territories, the increase in electric sales volume in Pennsylvania and Kentucky and the addition of Rhode Island Energy are likely to have boosted third-quarter earnings.
Cost savings initiatives implemented by the company are expected to have benefited third-quarter results. A reduction in the long-term debt balance and the resultant decline in interest expenses are expected to have boosted margins in the quarter.
Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 41 cents per share, indicating a rise of 13.9% from the year-ago quarter’s reported figure.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.7 billion, indicating a rise of 9.9% from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for PPL Corporation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
PPL Corporation Price and EPS Surprise
PPL Corporation price-eps-surprise | PPL Corporation Quote
Earnings ESP: PPL has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, PPL Corporation carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat earnings in this reporting cycle.
Ameren Corporation (AEE - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AEE has an Earnings ESP of +1.4% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation (AES - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AES has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
Brookfield Renewable Partners (BEP - Free Report) is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. BEP has an Earnings ESP of +28.57% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for BEP’s 2022 and 2023 earnings per unit indicates 62.3% and 132.9% year-over-year growth, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.