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PPL Corp. (PPL) Tops Q3 Earnings, Revenue Estimates

Zacks Equity Research
Updated

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.

Estimate Trend & Surprise History

Investors should note that the third quarter Zacks Consensus Estimate of 56 cents per share has gone up by 3.7% over the last 60 days.

Coming to the earnings surprise, PPL Corp. has surpassed the Zacks Consensus Estimate in the last four trailing quarters, resulting in a positive average surprise of 8.55%.

PPL Corporation Price and EPS Surprise

PPL Corporation Price and EPS Surprise | PPL Corporation Quote

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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 third-quarter 2018 adjusted earnings per share of 59 cents, beating the Zacks Consensus Estimate of 56 cents by 5.4%.

Revenue: PPL Corp posted revenues of $1,872 million in the third quarter, beating the Zacks Consensus Estimate of $1,859 million by 0.7%.

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

Check back later for our full write up on this PPL Corporation earnings report later!

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PPL Corporation (PPL) : Free Stock Analysis Report
 
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Zacks Investment Research