PEG Earnings Prediction
The chart below shows how PEG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PEG sees a -1.09% change in stock price 10 days leading up to the earnings, and a +2.72% change 10 days following the report. On the earnings day itself, the stock moves by -0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
PEG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.64B
7.57%
9.04%
Gross Margin
54.84%
0.29%
-5.50%
Operating Margin
24.26%
8.16%
1.00%
Net Margin
19.68%
247.70%
9.88%
EPS
1.04
271.43%
19.54%
No Data Available
PEG Earnings Analysis
Public Service Enterprise Group Incorporated Corporation (PEG.N) Earnings Conference Call
Positive
Net Income Increase: PSEG reported net income of $1.04 per share for the third quarter of 2024, compared to $0.27 per share in 2023.
Operating Earnings Comparison: Non-GAAP operating earnings were $0.90 per share in the third quarter of 2024, compared to $0.85 per share in 2023.
Capital Spending Increase: PSEG's capital spending is expected to total $3.5 billion for the full year 2024, slightly higher than the original plan of $3.4 billion.
Nuclear Production Performance: PSEG's nuclear fleet produced approximately 8.1 terawatt hours during the third quarter of 2024, in line with the year earlier period and ran at a capacity factor of 94.5%.
Total Available Liquidity: PSEG's total available liquidity was $3.4 billion, including $200 million of cash on hand.
Negative
Net Income Decline: PSEG reported net income of $1.04 per share for the third quarter of 2024, compared to $0.27 per share in 2023, indicating a significant decline in profitability.
Operating Earnings Decline: Non-GAAP operating earnings were $0.90 per share in the third quarter of 2024, down from $0.85 per share in 2023, reflecting a decrease in operational efficiency.
Increased Capital Spending: PSEG's capital spending is projected to total $3.5 billion for 2024, slightly higher than the original plan of $3.4 billion, indicating increased financial strain.
Net Loss Analysis: The company experienced a net loss of $0.53 per share for the third quarter of 2023, highlighting a challenging financial environment.
Increased Operating Expenses: Operating and maintenance expenses increased by $0.04 per share, primarily due to higher costs from the Peach Bottom units and the absence of a one-time benefit from the previous year.
PEG FAQs
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PEG Earning Call Sentiment
Public Service Enterprise Group Incorporated (PEG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PEG.N
-6.77%Positive
The earnings call shows strong financial performance with significant increases in net income and operating earnings, bolstered by revenue from rate cases. The Q&A highlights management's focus on growth and economic development goals, despite some uncertainties. The reaffirmed long-term growth guidance and strong cash flow support a positive outlook. Although management avoided some specifics, the overall sentiment remains positive, especially with the absence of new equity or asset sales and sustainable dividend growth. Given these factors, a moderate stock price increase is anticipated over the next two weeks.