Public Service Enterprise Group Inc. First Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Public Service Enterprise Group Inc. (NYSE:PEG) will unveil its latest earnings on Wednesday, May 2, 2012. Public Service Enterprise Group primarily operates as a wholesale energy supply company with nuclear, coal, gas, and oil-fired generation facilities.

Public Service Enterprise Group Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 67 cents per share, a decline of 21.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 68 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 67 cents during the last month. Analysts are projecting profit to rise by 14.2% versus last year to $2.35.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 47 cents per share against a mean estimate of profit of 46 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 5.1% in revenue from the year-earlier quarter to $3.18 billion.

Analyst Ratings: Analysts seem relatively indifferent about Public Service Enterprise Group with 10 of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 27.7% to $360 million (71 cents a share) from $282 million (55 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 9.7% to $2.64 billion from $2.4 billion.

Key Stats:

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 7.7% for the last four quarters.

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 19.5% in the third quarter of the last fiscal year after increasing in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose 96 cents (3.2%), from $29.99 to $30.95. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011, when shares rose for seven straight days, increasing 5.4% (+$1.66) over that span. It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight straight days, dropping 9.1% (-$2.92) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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