Public Service Enterprise Group Incorporated (NYSE:PEG) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, PEG is expected to report 3Q20 income of $ 0.97 per share from revenue of $ 2467.31 million.
For the full year, analysts anticipate top line of $ 9939.35 million, while looking forward to income of $ 3.39 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.30 ~ $ 3.50 per share
Click Here For More Historical Outlooks Of Public Service Enterprise Group Incorporated
Previous Quarter Performance
Public Service Enterprise Group Incorporated announced income for the second quarter of $ 0.79 per share, from the revenue of $ 2,050.00 million. The quarterly earnings 36.21 percent while revenues contracted 11.49 percent compared with the same quarter last year.
Wall street analysts are predicting, PEG to report 2Q20 income of $ 0.60 per share from revenue of $ 2299.10 million. The bottom line results beat street analysts by $ 0.19 or 31.67 percent, at the same time, top line results fell short of analysts by $ 249.1 million or 10.83 percent.
Stock Performance
Shares of Public Service Enterprise Group Incorporated traded up $ 1.04 or 1.77 percent on Thursday, reaching $ 59.72 with volume of 2.38 million shares. Public Service Enterprise Group Incorporated has traded high as $ 60.30 and has cracked $ 58.16 on the downward trend
According to the previous trading day, closing price of $ 59.72, representing a 68.86 % increase from the 52 week low of $ 34.75 and a 7.85 % decrease over the 52 week high of $ 63.68.
The company has a market capital of $ 30.20 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 66.00 target price.
- On 28th September 2020, maintained by RBC Capital at Outperform rating, with $ 63.00 target price.
- On 22nd September 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 57.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 68.00 target price.
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs to customers.
