PPL Corporation PPL is set to release first-quarter results on May 8, before market open. The company delivered a positive earnings surprise of 7.55% in the last reported quarter.Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.Factors to ConsiderThe company has hedged nearly 90% of its foreign currency, which will safeguard its interest amid fluctuating currency prices. The company’s first-quarter results are likely to reflect the impact of the same. Demand from commercial and industrial (C&I) customers is expected to have declined in the first quarter due to the coronavirus outbreak. However, the stay-at-home directives are expected to have increased demand from the residential class. This is likely to have marginally offset decline in demand from the C&I space in the first quarter.Q1 EstimatesThe Zacks Consensus Estimate for first-quarter earnings is pegged at 72 cents, which indicates a rise of 2.86% year over year.PPL Corporation Price and EPS Surprise PPL Corporation price-eps-surprise | PPL Corporation Quote Earnings WhispersOur 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 #3.Stocks to ConsiderInvestors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.Spire Inc. SR is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.Algonquin Power & Utilities Corp. AQN is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.Consolidated Edison Inc ED is scheduled to release first-quarter 2020 results on May 7. It has an Earnings ESP of +0.35% and a Zacks Rank #3.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.See their latest picks free >>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 Consolidated Edison Inc (ED): Free Stock Analysis Report PPL Corporation (PPL): Free Stock Analysis Report Spire Inc. (SR): Free Stock Analysis Report Algonquin Power & Utilities Corp. (AQN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research