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PPL (PPL) Gains As Market Dips: What You Should Know
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PPL (PPL - Free Report) closed at $28.06 in the latest trading session, marking a +0.32% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Heading into today, shares of the energy and utility holding company had gained 5.03% over the past month, outpacing the Utilities sector's gain of 2.13% and lagging the S&P 500's gain of 5.14% in that time.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. This is expected to be August 4, 2023. On that day, PPL is projected to report earnings of $0.32 per share, which would represent year-over-year growth of 6.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 2.25% from the year-ago period.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.59 per share and revenue of $7.93 billion. These results would represent year-over-year changes of +12.77% and +0.4%, respectively.
Investors should also note any recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PPL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, PPL currently has a Forward P/E ratio of 17.59. This valuation marks a premium compared to its industry's average Forward P/E of 17.01.
Also, we should mention that PPL has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry currently had an average PEG ratio of 3.07 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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PPL (PPL) Gains As Market Dips: What You Should Know
PPL (PPL - Free Report) closed at $28.06 in the latest trading session, marking a +0.32% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.12%.
Heading into today, shares of the energy and utility holding company had gained 5.03% over the past month, outpacing the Utilities sector's gain of 2.13% and lagging the S&P 500's gain of 5.14% in that time.
Wall Street will be looking for positivity from PPL as it approaches its next earnings report date. This is expected to be August 4, 2023. On that day, PPL is projected to report earnings of $0.32 per share, which would represent year-over-year growth of 6.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 2.25% from the year-ago period.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.59 per share and revenue of $7.93 billion. These results would represent year-over-year changes of +12.77% and +0.4%, respectively.
Investors should also note any recent changes to analyst estimates for PPL. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PPL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, PPL currently has a Forward P/E ratio of 17.59. This valuation marks a premium compared to its industry's average Forward P/E of 17.01.
Also, we should mention that PPL has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry currently had an average PEG ratio of 3.07 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.