Public Service Enterprise Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Public Service Enterprise Group Inc PEG.N reported quarterly adjusted earnings of $1.43​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.31. The mean expectation of fourteen analysts for the quarter was for earnings of $1.44 per share. Wall Street expected results to range from $1.35 to $1.50 per share.

• Revenue rose 16.7% to $3.22 billion from a year ago; analysts expected $3.14 billion.

• Public Service Enterprise Group Inc's reported EPS for the quarter was $1.18​.

• The company reported quarterly net income of $589 million.

• Public Service Enterprise Group Inc shares had fallen by 0.8% this quarter and lost 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline utilities peer group is also "buy"

• Wall Street's median 12-month price target for Public Service Enterprise Group Inc is $86.00

This summary was machine generated from LSEG data April 30 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)