Sempra Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Sempra (NYSE:SRE) is anticipated to report lower Q1 earnings with an expected EPS of $1.34, down from $1.46 year-over-year, and revenue forecasted at $5.58 billion versus $6.56 billion previously. Despite a recent earnings beat, its shares dipped 0.3%. Analysts from Morgan Stanley, Barclays, RBC Capital, Mizuho, and BMO Capital have provided varied ratings and price targets, reflecting a generally positive outlook.

May 07, 2024 | 7:58 am
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Sempra is expected to report lower Q1 earnings with a decrease in both EPS and revenue. Analysts have adjusted their price targets, indicating a positive but cautious outlook.
The expected decrease in earnings and revenue for Sempra suggests a cautious short-term outlook. However, the adjustments in price targets by analysts from reputable firms indicate a belief in the company's resilience and potential for recovery. This mixed sentiment is likely to result in a neutral short-term impact on the stock price, as the market balances the lower earnings expectations with the analysts' generally positive ratings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100