PPL: Analysts’ Q1 Earnings Estimates



PPL’s earnings

Mid-sized regulated utility PPL (PPL) is scheduled to report its first-quarter earnings on May 2. According to analysts’ estimates, PPL will report an EPS of $0.72 for the first quarter. The company posted an EPS of $0.74 in the first quarter of 2018.

PPL has beaten the consensus EPS estimates for more than eight consecutive quarters. The company expects to earn $2.40 per share in 2019, which implies flattish earnings growth YoY (year-over-year). PPL stock has gained more than 8% in 2019, which mirrors broader utilities (XLU) at large.

PPL eps

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Earnings drivers

Based on the consensus estimates, PPL will report total revenues of $2.19 billion for the quarter ending March 31. In the first quarter in 2018, PPL posted revenues of $2.13 billion. PPL generates more than two-thirds of its total revenues from its operations in the United Kingdom. The company plans to invest ~$15 billion for the next five years in capital projects, which will likely enable rate base growth of ~5% compounded annually.

Xcel Energy (XEL) reported its first-quarter earnings on April 25. The company reported an EPS of $0.61, which was in line with the consensus estimates. Xcel Energy reported an EPS $0.57 in the first quarter of 2018.


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