Public Service Enterprise Group Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Public Service Enterprise Group (NYS: PEG) reported earnings on Nov. 2. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), Public Service Enterprise Group whiffed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.


Margins increased across the board.

Revenue details
 Public Service Enterprise Group reported revenue of $2.40 billion. The four analysts polled by S&P Capital IQ looked for sales of $2.73 billion on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $2.62 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.75. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.72 per share. GAAP EPS of $0.68 for Q3 were 17% higher than the prior-year quarter's $0.58 per share. (The prior-year quarter included $0.06 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 37.6%, 520 basis points better than the prior-year quarter. Operating margin was 24.7%, 350 basis points better than the prior-year quarter. Net margin was 14.4%, 320 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.13 billion. On the bottom line, the average EPS estimate is $0.39.

Next year's average estimate for revenue is $10.49 billion. The average EPS estimate is $2.40.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Public Service Enterprise Group is hold, with an average price target of $32.28.

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The article Public Service Enterprise Group Beats Analyst Estimates on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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