PPL stock closed lower despite overall market increase, with analysts projecting moderate growth

From NASDAQ: 2024-04-05 18:15:20

PPL (PPL) closed at $27.22, down -0.22% from the previous day, lagging behind S&P 500’s 1.11% gain. Energy company shares saw a 1.49% increase over the month, compared to Utilities sector’s 3.43% gain and S&P 500’s 0.48% increase.

Investors await PPL’s earnings report, projecting an EPS of $0.52, an 8.33% increase from the previous year. Revenue estimate stands at $2.48 billion. Full-year estimates predict earnings of $1.71 per share and revenue of $8.34 billion.

PPL’s analyst estimate revisions may indicate changing business trends and profitability outlook. The Zacks Rank system uses these changes to provide stock rating models. PPL has a current Zacks Rank of #3 (Hold), with recent EPS estimate decreasing by 0.44% in the past month.

PPL is trading at a premium with a Forward P/E ratio of 15.98 compared to the industry average of 15.14. The company’s PEG ratio is 2.47, potentially indicating growth. The Utility – Electric Power industry ranks 144 out of 250+ sectors, suggesting it’s in the bottom 43%.

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Read more at NASDAQ: PPL (PPL) Stock Falls Amid Market Uptick: What Investors Need to Know