Public Service Enterprise Q2 Adj EPS $0.70 Beats $0.61 Estimate, Sales $2.42B Beat $2.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise (NYSE:PEG) reported Q2 adjusted earnings of $0.70 per share, beating the analyst consensus estimate of $0.61 by 14.75%. This is a 9.37% increase from the same period last year. The company also reported quarterly sales of $2.42 billion, beating the analyst consensus estimate of $2.03 billion by 19.50%, a 16.62% increase from the same period last year.
August 01, 2023 | 11:49 am
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POSITIVE IMPACT
Public Service Enterprise's Q2 earnings and sales beat estimates, with a YoY increase of 9.37% and 16.62% respectively. This could potentially lead to a positive market reaction.
Public Service Enterprise reported better than expected Q2 earnings and sales, which are key indicators of a company's financial health. This positive news is likely to increase investor confidence and could potentially lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100