Public Service Enterprise Group Incorporated (NYSE:PEG) is trading up 18.68% versus 12-month low of 36.62 and stands -5.67% lower from its 1-year peak of $46.07. The consensus price target (PT) of $45.03 means that the market expects Company shares to increase by 3.5% in the short run. The sell-side target prices range from $38 to $48. In the last month the stock has moved in price 2.86%, with a one year change of 16.93%. The last trading session volume compares with the 2.73M average and market worth floats around 21.77B.
Public Service Enterprise Group Incorporated (NYSE:PEG) fell -0.14% to reach at the trading price of $43.46 as it is set to release its next quarterly earnings report on February 23, 2017. Public Service Enterprise Group Incorporated stock trades in the range of $43.20 to $43.60 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.53 a share with $2.79B in revenue.
Public Service Enterprise Group Incorporated (PEG) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Public Service Enterprise Group Incorporated to earn $0.85 per share (EPS) on revenue of $3.02B. The EPS consensus range is $0.69-$1.06 on revenue between $3.43B and $2.68B.
While if we look at the Earnings Track Record, Public Service Enterprise Group Incorporated (PEG) managed to surpass quarterly earnings per share estimates in 10 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 83%. Last time the company reported, Public Service Enterprise Group Incorporated (PEG) generated $0.88 in earnings per share, beating the consensus estimate of $0.83. Revenues hit $2.45B in the September 2017 quarter, which was below the consensus $2.78B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.91B revenue with earnings per share of $0.57. Wall Street had anticipated $2.33B and $0.58, respectively. For comparison, there was a revenue of $2.62B and EPS of $0.91 in the March 2016 period.
Public Service Enterprise Group Incorporated (NYSE:PEG) Analyst Insights
The buoyancy in the outlook of Public Service Enterprise Group Incorporated (PEG) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Goldman has been covering shares of PEG, so it is most recent view is worth a look. In a research note issued on Dec 20, 2016, analysts at Deutsche Bank lifted the stock to Buy from Hold. Another noteworthy analyst activity was recorded on Oct 17, 2016. Goldman Analysts lifted the stock to Buy from Neutral.