Public Service Enterprise Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Public Service Enterprise Group Inc PEG.N reported quarterly adjusted earnings of 77 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 64 cents to 77 cents per share.

• Revenue rose 15.8% to $2.81 billion from a year ago; analysts expected $2.48 billion.

• Public Service Enterprise Group Inc's reported EPS for the quarter was $1.17​.

• The company reported quarterly net income of $585 million.

• Public Service Enterprise Group Inc shares had risen by 7.1% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, six 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," 12 "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, about 4.8% below its last closing price of $90.14

This summary was machine generated from LSEG data August 5 at 01:31 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)