PPL Earnings: Everything You Must Know Now

PPL Corporation (NYSE:PPL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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PPL Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 1.43% to $0.71 in the quarter versus EPS of $0.70 in the year-earlier quarter.

Revenue: Decreased 40.25% to $2.46 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: PPL Corporation reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.7. It missed the average revenue estimate of $3.37 billion.

Quoting Management: “We delivered strong quarter-over-quarter growth in each of the regulated business segments, keeping us on track to achieve our 2013 net income target,” said William H. Spence, PPL chairman, president and chief executive officer.

Key Stats (on next page)…

Revenue decreased 23.74% from $3.22 billion in the previous quarter. EPS increased 44.9% from $0.49 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.44 to a profit $0.46. For the current year, the average estimate is a profit of $2.41, which is the same with that ninety days ago.

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