S&P 500 (NYSE:SPY) component PPL Corp (NYSE:PPL) will unveil its latest earnings on Friday, August 5, 2011. PPL Corporation is an energy and utility holding company that generates and markets electricity in the northeastern and western U.S.
PPL Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 44 cents per share, a decline of 29% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 52 cents. Between one and three months ago, the average estimate moved down and dropped from 45 cents during the last month. For the year, analysts are projecting net income of $2.59 per share, a decline of 17.3% from last year.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 84 cents per share versus a mean estimate of net income of 73 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $2.26 billion in revenue this quarter, a rise of 50.7% from the year ago quarter. Analysts are forecasting total revenue of $11.3 billion for the year, a rise of 32.6% from last year’s revenue of $8.52 billion.
Analyst Ratings: Analysts seem relatively indifferent about PPL with seven of 13 analysts surveyed maintaining a hold rating.
A year-over-year revenue decrease in the first quarter snaps a streak of two consecutive quarters of revenue increases. Revenue fell 4.1% in the first quarter and rose 7.9% in the fourth quarter of the last fiscal year and 20.7% in the third quarter of the last fiscal year.
Competitors to Watch: American Electric Power Co., Inc. (NYSE:AEP), The Southern Company (NYSE:SO), Constellation Energy Group, Inc. (NYSE:CEG), Duke Energy Corporation (NYSE:DUK), FirstEnergy Corp. (NYSE:FE), NextEra Energy, Inc. (NYSE:NEE), The AES Corporation (NYSE:AES), Exelon Corporation (NYSE:EXC), Entergy Corporation (NYSE:ETR), and Portland General Electric Co. (NYSE:POR).
Stock Price Performance: During May 5, 2011 to August 1, 2011, the stock price had risen 98 cents (3.6%) from $27.04 to $28.02. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 23, 2010 when shares rose for seven-straight days, rising 4.5% (+$1.10) over that span. It saw one of its worst periods between November 8, 2010 and November 16, 2010 when shares fell for seven-straight days, falling 4.7% (-$1.21) over that span. Shares are up $2.38 (+9.3%) year to date.
(Source: Xignite Financials)