Public Service Enterprise Group (NYSE: PEG ) reported earnings on Nov. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Public Service Enterprise Group whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Margins increased across the board.
Public Service Enterprise Group reported revenue of $2.40 billion. The four analysts polled by S&P Capital IQ looked for sales of $2.73 billion on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $2.62 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.75. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.72 per share. GAAP EPS of $0.68 for Q3 were 17% higher than the prior-year quarter's $0.58 per share. (The prior-year quarter included $0.06 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.6%, 520 basis points better than the prior-year quarter. Operating margin was 24.7%, 350 basis points better than the prior-year quarter. Net margin was 14.4%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.13 billion. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $10.49 billion. The average EPS estimate is $2.40.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Public Service Enterprise Group is hold, with an average price target of $32.28.
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