Earnings Preview: Analysts Expect Public Service Enterprise Group's Revenue, Earnings to Dip
Public Service Enterprise Group (NYSE: PEG) releases its next round of earnings this Tuesday, November 1, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 82 cents/share and revenues of $3 billion. Public Service Enterprise Group's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.06/share on revenues of $3.25 billion. Investors are bracing themselves for Tuesday when we'll learn if the company reports lower EPS and slightly reduced revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.55 | $0.76 | $0.62 | $0.96 |
| EPS Actual | $0.59 | $0.85 | $0.60 | $1.06 |
Stock Performance:
At last check, shares of Public Service Enterprise Group were trading at $34.31. Since January 1st, shares have given investors a return of 11.4%.
Average Stock Rating:
The average rating by analysts is a Hold.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Public Service Enterprise Group's peers.
- Constellation Energy Group (NYSE: CEG): Hold with a $0.76 recent quarter EPS
- CH Energy Group (NYSE: CHG): Hold with a $0.38 recent quarter EPS
- Consolidated Edison (NYSE: ED): Moderate Sell with a $0.57 recent quarter EPS
- Exelon (NYSE: EXC): Hold with a $1.05 recent quarter EPS
Finally, a description of the company's main areas of operation: Public Service Enterprise Group primarily operates as a wholesale energy supply company with nuclear, coal, gas, and oil-fired generation facilities.
Take Action:
Now that you've gotten an advanced peak at Public Service Enterprise Group's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
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