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Market Overview

Public Service Enterprise: Q1 Earnings Insights

Share:

Shares of Public Service Enterprise (NYSE:PEG) were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 4.63% over the past year to $1.03, which beat the estimate of $1.01.

Revenue of $2,781,000,000 lower by 6.68% from the same period last year, which missed the estimate of $3,470,000,000.

Guidance

Public Service Enterprise hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 04, 2020

Time: 01:00 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.pseg.com%2Finvestor-news-and-events%2Fevents-calendar%2Fdefault.aspx&eventid=2158455&sessionid=1&key=379121E720E2E24E0B6C90C363C6B18F&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $63.88

52-week low: $34.75

Price action over last quarter: down 6.32%

Company Overview

Public Service Enterprise Group is the holding company for a regulated utility (PSE&G), a merchant power generation owner (PSEG Power), and an energy investment firm (PSEG Enterprise). PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG Power owns and operates merchant power plants in the Mid-Atlantic, New York, and the Northeast. Energy Holdings invests in energy-related assets worldwide. PSEG also operates the Long Island Power Authority system.

 

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