PPL (PPL) closed at $34.60 in the latest trading session, marking a +1.53% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.12%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 2.04%.
Heading into today, shares of the energy and utility holding company had lost 2.57% over the past month, lagging the Utilities sector's loss of 1.74% and outpacing the S&P 500's loss of 2.91% in that time.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. The company is predicted to post an EPS of $0.54, indicating constancy compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.38 billion, indicating a 3.45% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.82 per share and a revenue of $8.46 billion, demonstrating changes of +7.69% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for PPL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 has moved 0.09% lower. At present, PPL boasts a Zacks Rank of #3 (Hold).
In the context of valuation, PPL is at present trading with a Forward P/E ratio of 18.69. This valuation marks a premium compared to its industry's average Forward P/E of 17.82.
We can also see that PPL currently has a PEG ratio of 2.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.71.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 61, this industry ranks in the top 25% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
