Public Service Enterprise Q2 2024 Adj. EPS $0.63, Inline, Sales $2.423B Beat $2.052B Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise (NYSE:PEG) reported Q2 2024 adjusted EPS of $0.63, meeting analyst expectations, and sales of $2.423 billion, beating the $2.052 billion estimate. EPS decreased by 10% year-over-year, while sales increased slightly by 0.08%.
July 30, 2024 | 11:32 am
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Public Service Enterprise (NYSE:PEG) reported Q2 2024 adjusted EPS of $0.63, meeting analyst expectations, and sales of $2.423 billion, beating the $2.052 billion estimate. EPS decreased by 10% year-over-year, while sales increased slightly by 0.08%.
The earnings per share (EPS) met analyst expectations, which is neutral for the stock price. However, the sales beat the estimates significantly, which is a positive indicator. The year-over-year decrease in EPS by 10% is a negative factor, but the slight increase in sales by 0.08% is a positive factor. Overall, the mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100