Sempra Energy (SRE) Q4 Earnings Top Estimates, Up Y/Y

Sempra EnergySRE , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas.

Sempra Energy's stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and strategic acquisitions is expected to boost its future performance.

Sempra Energy Price and EPS Surprise

Sempra Energy Price and EPS Surprise | Sempra Energy Quote

Estimate Trend & Surprise History

Investors should note that the recen t earnings estimate for Sempra Energy of $1.47 has improved by 1.38% over the past 60 days.

Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters with an average positive beat of 4.97%.

Going further things could definitely change given the company's recently released earnings results.

Zacks Rank : The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings : Sempra Energy's earnings in fourth quarter surpassed expectation. Our consensus called for fourth-quarter EPS of $1.47, while the company reported adjusted EPS of $1.56. The company also surpassed year ago earnings by 1.3%.

Revenues : The company exceeded the revenue expectation as well. Our consensus called for fourth-quarter revenues of $3,183 million, and the company reported revenues of $3,221 million.

Key Note : Total gas sales including delivery in the reported quarter was 227 billion cubic feet down 4.62% year over year.

Check back later for our full write up on this SRE earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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