Send me real-time posts from this site at my email
Zacks

PPL Corp (PPL) to Report Q4 Earnings: What's in the Cards?

PPL Corporation PPL is set to release fourth-quarter 2019 results on Feb 14, before market open. The company has trailing four-quarter positive earnings surprise of 1.40%, on average.

Let’s see how things are placed ahead of the upcoming quarterly announcement.

Factors to Consider

PPL Corp is focused on modernizing and reshaping its infrastructure as well as technology to strengthen grid resilience and improve service quality. Thus, the company consistently makes investments in infrastructure. It has the ability to recover more than 80% of its investments within 12 months. These are likely to have made a positive impact on the company’s performance in to-be-reported quarter.

In third-quarter earnings call, the company announced that PPL Electric Utilities had nearly completed a $470 million multi-year advanced meter replacement project in Pennsylvania. Also, PPL Corp had completed construction of a new community solar facility in late July. These developments are expected to have boosted fourth-quarter results.

PPL Corporation Price and EPS Surprise

 

PPL Corporation price-eps-surprise | PPL Corporation Quote

 

Q4 Estimates

The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 53 cents, which indicates a rise of 1.92% year over year.

Earnings Whispers

Our proven model doesn’t conclusively predict an earnings beat for PPL Corp this time around. 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. But that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: The company’s Earnings ESP is 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 Corp carries a Zacks Rank #2.

Other Stocks to Consider

Investors can consider the following players from the same industry  that have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Duke Energy Corporation DUK is slated to release fourth-quarter 2019 results on Feb 13. It has an Earnings ESP of +0.38% and a Zacks Rank #3.

Ameren Corporation AEE is set to release fourth-quarter 2019 numbers on Feb 26. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.

CenterPoint Energy, Inc. CNP is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
PPL Corporation (PPL): Free Stock Analysis Report
 
Duke Energy Corporation (DUK): Free Stock Analysis Report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue