Public Service Enterprise Reaffirms FY24 Adj EPS Guidance Of $3.60-$3.70 vs $3.67 Estimate
Portfolio Pulse from Benzinga Newsdesk
Public Service Enterprise Group (PSEG) reaffirmed its FY24 adjusted EPS guidance of $3.60-$3.70, aligning with the $3.67 estimate. The company successfully managed extreme conditions, including a heat wave and a significant earthquake, with minimal disruption. PSEG's regulatory calendar is on track, and the company is set to implement another gas supply cost reduction in October.
July 30, 2024 | 11:35 am
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PSEG reaffirmed its FY24 adjusted EPS guidance of $3.60-$3.70, aligning with the $3.67 estimate. The company managed extreme conditions well and is on track with its regulatory calendar. Another gas supply cost reduction is planned for October.
Reaffirming the EPS guidance within the expected range is a positive signal for investors, indicating stability and reliability in PSEG's financial performance. Successfully managing extreme conditions and planning further cost reductions also contribute positively to investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100