PPL Corp Third Quarter Earnings on the Horizon

S&P 500 (NYSE:SPY) component PPL Corp (NYSE:PPL) will unveil its latest earnings on Thursday, November 3, 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 69 cents per share, a decline of 6.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 68 cents during the last month. For the year, analysts are projecting net income of $2.60 per share, a decline of 16.9% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at profit of 45 cents a share versus the estimate of net income of 44 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $2.96 billion in revenue this quarter, a rise of 35.8% from the year ago quarter. Analysts are forecasting total revenue of $11.15 billion for the year, a rise of 30.9% from last year’s revenue of $8.52 billion.

Analyst Ratings: Analysts are bullish on PPL as six analysts rate it as a buy, none rate it as a sell and six rate it as a hold.

A Look Back: In the second quarter, profit rose more than twofold to $196 million (35 cents a share) from $85 million (22 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 65.6% to $2.49 billion from $1.5 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 60.4% in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 4.1%.

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 August 4, 2011 to October 28, 2011, the stock price had risen $3.49 (13.3%) from $26.21 to $29.70. 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% (+$1.09) 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 4.6% (-$1.19) over that span. Shares are up $4.38 (+17.3%) year to date.

(Source: Xignite Financials)

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