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In the latest trading session, PPL (PPL) closed at $27.65, reflecting an adjustment of -0.36% from the previous day’s close. The stock’s change was more pronounced than the S&P 500’s daily loss of 0.41%. The Dow, meanwhile, registered a decline of 0.12% and the tech-dominated Nasdaq registered a decline of 0.71%.

Heading into today, shares of the energy and utilities company had lost 2.84% over the past month. During the same period, the utilities sector lost 3.1%, while the S&P 500 gained 3.53%.

The investment community will be closely watching PPL’s ​​performance in its upcoming earnings report. The company is expected to report earnings per share of $0.31, up 6.9% from the year-ago quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.91 billion, up 4.73% from the year-ago period.

The Zacks Consensus Estimates for the full year are calling for earnings of $1.71 per share and revenue of $8.26 billion, which would represent year-over-year changes of +6.88% and -0.62%, respectively.

Investors may also notice recent changes in analyst estimates for PPL. Recent revisions typically reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business prospects.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we have developed the Zacks Rank, a proprietary model that takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable track record backed by third-party audits. Stocks ranked #1 have delivered an average annual return of +25% since 1988. Over the past month, the Zacks Consensus Estimate for Earnings per share remained stable. Currently, PPL holds a Zacks Rank of #2 (Buy).

In terms of valuation, PPL is currently trading at a P/E ratio of 16.23. The industry average is 14.97, so one could conclude that PPL is trading at a premium comparatively.

Meanwhile, PPL’s ​​PEG ratio currently stands at 2.38. Similar to the generally accepted P/E ratio, the PEG ratio also takes into account the company’s forecasted earnings growth. As of yesterday’s close, PPL’s ​​industry average PEG ratio was 2.53.

The Utilities – Electricity industry is part of the Utilities sector. This industry, which currently has a Zacks Industry Rank of 94, ranks in the top 38% 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% of industries outperform the bottom half by a factor of 2 to 1.

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