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Stock impact report

Public Service Enterprise Group Q3 Earnings Miss, Revenues Rise Y/Y [Yahoo! Finance]

Public Service Enterprise Group Incorporated (PEG) 
Last public service enterprise group incorporated earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.pseg.com
Company Research Source: Yahoo! Finance
Zacks Consensus Estimate of 91 cents by 1.1%. However, earnings improved 5.9% from the prior-year reported figure. See the Zacks Earnings Calendar to stay ahead of market-making news The company reported GAAP earnings per share (EPS) of $1.04 compared with 27 cents in the corresponding period of 2023. The year-over-year improvement in the bottom line can be attributed to higher operating revenues as well as operating income. Operating revenues in the third quarter totaled $2.64 billion, which beat the Zacks Consensus Estimate of $2.48 billion by 6.6%. The top line also increased 7.6% from the year-ago figure. Electric sales volumes totaled 11,937 million kilowatt-hours, which improved 2% year over year. On the other hand, gas sales volumes declined 8% to 436 million therms. Under electric sales, residential sales volumes totaled 4,635 million kilowatt-hours, up 3% from the prior-year figure. Its commercial and industrial sales volumes accounted for 7,231 million kilowatt-h Show less Read more
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