Public Service Enterprise Q4 Adj. EPS $0.54 Beats $0.52 Estimate, Sales $2.60B Beat $2.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise (NYSE:PEG) reported Q4 adjusted EPS of $0.54, surpassing the $0.52 estimate, and sales of $2.60B, exceeding the $2.40B estimate. However, this represents a decrease from the previous year's earnings and sales.
February 26, 2024 | 12:33 pm
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Public Service Enterprise reported a Q4 adjusted EPS of $0.54, beating estimates, and sales of $2.60B, also above expectations. Year-over-year, earnings and sales saw declines.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100