NEW YORK (TheStreet) --Public Service Enterprise Group Inc. is scheduled to report its 2014 fourth quarter earnings results before the market open on Friday morning. Analyst are expecting the energy holding company that operates in the Northeastern and Mid-Atlantic U.S. to post a year-over-year increase in earnings per share for the most recent quarter. Public Service Enterprise has been forecast to report earnings of 46 cents per share for the quarter ended December 2014. Exclusive Report: Jim Cramer's Best Stocks for 2015 For the 2013 fourth quarter the company said its net income was 39 cents per share. Shares of Public Service Enterprise are trading lower by 0.37% to $40.39 in late afternoon trading on Thursday. Separately, TheStreet Ratings team rates PUBLIC SERVICE ENTRP GRP INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate PUBLIC SERVICE ENTRP GRP INC (PEG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows: PEG's revenue growth has slightly outpaced the industry average of 1.6%. Since the same quarter one year prior, revenues slightly increased by 3.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share. The stock has risen over the past year as investors have generally rewarded the company for its earnings growth and other positive factors like the ones we have cited in this report. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. 40.29% is the gross profit margin for PUBLIC SERVICE ENTRP GRP INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 16.81% is above that of the industry average. The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Multi-Utilities industry average. The net income increased by 13.8% when compared to the same quarter one year prior, going from $390.00 million to $444.00 million. You can view the full analysis from the report here: PEG Ratings Report
Click to view a price quote on PEG. Click to research the Utilities industry.
from Latest TSC Headlines http://ift.tt/181mLfz
No comments:
Post a Comment