PPL Stock Outperforms S&P 500, Analysts Optimistic

PPL (PPL) stock rose +1.69% to $34.33, outperforming the S&P 500. Prior to this, the energy company had a 0.06% loss, narrower than the Utilities sector’s 0.73% loss.

PPL is expected to report earnings of $0.39 per share and revenue of $1.98 billion, showing year-over-year growth. Analyst estimates and positive revisions indicate optimism for the company’s profitability.

With a Zacks Rank of #3 (Hold), PPL is trading at a premium with a Forward P/E ratio of 18.55 and a PEG ratio of 2.49 compared to industry averages. The Utility – Electric Power industry is in the top 34% of all industries.

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Read more at NASDAQ: PPL (PPL) Outpaces Stock Market Gains: What You Should Know