Public Service Enterprise Group Inc.
) is set to report fourth quarter and full year 2012 results on
Feb 21, 2013. Last quarter the company posted a 4.17% positive
earnings surprise. Let's see how things are shaping up prior to
Factors to Consider This Quarter
Public Service Enterprise Group is one of the companies that were
adversely affected by Superstorm Sandy. Going forward, apart from
the restoration costs for hurricane Sandy, the increasing cost of
coal, higher pension & financial costs and power-price
volatility are areas of concern.
However, the low-cost nuclear fleet, operational excellence,
disciplined investment and added generating capacities would act
as an offset to these concerns. Also, the diversified utility's
robust portfolio of regulated and non-regulated assets ensures a
steady earnings base with significant long-term growth prospects.
Our proven model does not conclusively show that Public Service
Enterprise Group is likely to beat earnings this quarter. This is
because a stock needs to have both a positive earnings Expected
Surprise Prediction (ESP) (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank of #1, 2 or 3 for this to happen. This is not
the case here as you will see below.
Negative Zacks ESP:
This is because the Most Accurate estimate stands at 37 cents per
share while the Zacks Consensus Estimate is at 39 cents per
share. That is a difference of -5.13%.
Zacks #3 Rank (Hold):
Public Service Enterprise's Zacks Rank #3 (Hold) when combined
with a negative earnings ESP makes surprise prediction difficult.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
NV Energy, Inc.
), earnings ESP of +14.29% and Zacks #3 Rank (Hold).
), earnings ESP of +75% and Zacks #3 Rank (Hold).
), earnings ESP of +1.75% and Zacks# 3 Rank (Hold).
DYNEGY INC-NEW (DYN): Free Stock Analysis
NV ENERGY INC (NVE): Free Stock Analysis
PG&E CORP (PCG): Free Stock Analysis
PUBLIC SV ENTRP (PEG): Free Stock Analysis
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