PPL (PPL) ended the recent trading session at $31.73, demonstrating a -1.67% swing from the preceding day’s closing price. The stock’s change was less than the S&P 500’s daily gain of 0.55%. On the other hand, the Dow registered a loss of 0.06%, and the technology-centric Nasdaq increased by 1.24%.
Market participants will be closely following the financial results of PPL in its upcoming release. The company’s earnings per share (EPS) are projected to be $0.39, reflecting a 2.5% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.09 billion, up 3.01% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for PPL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.31% upward. PPL is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is presently being traded at a Forward P/E ratio of 17.62. This indicates a premium in contrast to its industry’s Forward P/E of 16.08.
Investors should also note that PPL has a PEG ratio of 2.61 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company’s expected earnings growth trajectory. The average PEG ratio for the Utility – Electric Power industry stood at 2.51 at the close of the market yesterday.
The Utility – Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
