PPL Gains as Major US Indexes Fall Ahead of Earnings
The utility’s shares rose 1.46% as investors looked toward earnings, with analysts expecting higher revenue and profit than a year earlier.
PPL shares rose 1.46% to close at $32.58, while major US stock indexes fell. The S&P 500 lost 0.17%, the Dow slipped 0.26% and the Nasdaq declined 0.09%.
The gain came after PPL shares had fallen 5.92% over the previous month. That drop was smaller than the Utilities sector’s 7.05% decline but larger than the S&P 500’s 0.24% loss over the same period.
Investors are watching for PPL’s upcoming earnings report. Zacks Consensus Estimates call for earnings of $0.53 per share, up 10.42% from a year earlier, and revenue of $2.44 billion, an increase of 8.82%.
For the full year, Zacks estimates earnings of $1.95 per share and revenue of $9.73 billion. Those figures represent expected year-over-year increases of 7.73% and 7.55%, respectively.
The estimates are forecasts, not reported results. The source did not give a date for the earnings disclosure.
This article was produced with the help of AI technology.
Source: Yahoo Finance
