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PPL Corp. (PPL) Meets Q1 Earnings Estimates, Revenue Miss

Zacks Equity Research

PPL Corporation PPL, a diversified utility holding company, has operations in the U.S. and the UK. PPL Corp.’s organic growth strategy, systematic investments in utility infrastructure development projects and focus on enhancing customer service are commendable.

However, volatility in fuel prices, stringent environmental regulation and unpredictable weather patterns remain potential setbacks.

Estimate Trend & Surprise History

Investors should note that Zacks Consensus Estimate for the first quarter for earnings of 62 cents per share has increased by 1 cent over the last 60 days.

Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in three out of the last four trailing quarters, resulting in a positive average surprise of 4.29%.

Zacks Rank: Currently, PPL Corp. has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: PPL Corp. reported first quarter 2017 earnings of 62 cents per share, in line with Zacks Consensus Estimate.

PPL Corporation Price and EPS Surprise

PPL Corporation Price and EPS Surprise | PPL Corporation Quote

Revenue: PPL Corp. missed the revenue estimates in the first quarter. The company posted revenues of $1,951 million in the first quarter, down 5.2% compared with our consensus estimate of $2,057 million.

Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.

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