- Adjusted Operating EPS: Matches estimates at $1.31, compared to $1.39 last year.
- EPS: Decreased to $1.06 from $2.58 last year.
- Operating Revenue: $2.76 billion, a 26% decrease year-over-year, missing the estimate of $2.99 billion.
- PSE&G Operating Revenue: $2.33 billion, a slight increase of 1.7% year-over-year, below the estimate of $2.45 billion.
- PSE&G Operation & Maintenance Expense: Increased by 1.1% to $465 million, higher than the estimate of $454.2 million.
- PSEG Power Operation & Maintenance Expense: $318 million, above the estimate of $275.9 million.
- Year Forecast: PSEG maintains its adjusted operating EPS forecast between $3.60 and $3.70, with an estimate of $3.67.
- CEO Comments: The company is on track with their forecast for 2024, despite the current mix of rate base growth and investment-related expenses. Awaiting resolution of a pending distribution rate case later in the year.
“`
A look at Public Service Enterprise Group Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Public Service Enterprise Group Incorporated, a public utility holding company, presents a mixed outlook based on the Smartkarma Smart Scores. With a solid score in dividends and momentum, the company showcases stability and strong market performance. However, the scores in value, growth, and resilience are more moderate, indicating areas where improvement may be needed for long-term sustainability. Despite this, Public Service Enterprise Group Inc‘s core operations in generating and distributing electricity in the Northeastern and Mid Atlantic United States provide a stable foundation for growth.
Overall, Public Service Enterprise Group Inc exhibits a positive stance in terms of dividends and momentum, highlighting its ability to reward investors and maintain market interest. While there are areas for enhancement in value, growth, and resilience, the company’s focus on electricity generation and distribution positions it well for steady progress in the long term within its operating regions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
