PPL Earnings: Everything You Must Know Now

PPL Corporation (NYSE:PPL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

PPL Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 3.92% to $0.49 in the quarter versus EPS of $0.51 in the year-earlier quarter.

Revenue: Rose 35.35% to $3.45 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: PPL Corporation reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $2.63 billion.

Quoting Management: “We continue to see solid earnings growth from our three regulated business segments, and our competitive energy supply business is managing its operations effectively. Our strong performance through the first two quarters and our expectations for the balance of the year give us confidence to increase our 2013 earnings forecast,” said William H. Spence, PPL’s chairman, president and chief executive officer.

Key Stats (on next page)…

Revenue increased 40.42% from $2.46 billion in the previous quarter. EPS decreased 30.99% from $0.71 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.71 to a profit $0.68. For the current year, the average estimate has moved down from a profit of $2.39 to a profit of $2.31 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)