- Adjusted operating EPS: 63 cents, compared to 70 cents year-over-year (YoY); estimate: 62 cents
- EPS: 87 cents, compared to $1.18 YoY
- Operating revenue: $2.42 billion, same as YoY; estimate: $2.07 billion
- PSE&G Operating Revenue: $1.86 billion, up 12% YoY; estimate: $1.8 billion
- PSE&G Operation & Maintenance Expense: $466 million, up 8.6% YoY; estimate: $460.1 million
- PSEG Power Operation & Maintenance Expense: $358 million, up 14% YoY; estimate: $318.2 million (two estimates)
- Comment: “We are also re-affirming our five-year, non-GAAP Operating Earnings growth outlook of 5% to 7% through 2028, which does not reflect growth opportunities at our nuclear fleet.”
- Analyst Ratings: 10 buys, 9 holds, 2 sells
Public Service Enterprise Group Inc on Smartkarma
Analysts at Baptista Research recently published a report on Public Service Enterprise Group Inc (PSEG) on Smartkarma. The report, titled “Public Service Enterprise Group (PSEG): Initiation of Coverage – How They Are Achieving Strategic Growth through Enhanced Service Offerings? – Major Drivers,” delves into PSEG’s first-quarter earnings for 2024, which closely align with its annual fiscal projections. The organization’s non-GAAP operating earnings guidance of $3.60 to $3.70 per share remains steady, with an anticipated growth rate between 5% to 7% through 2028. PSEG’s growth is supported by significant infrastructure and energy efficiency investments geared towards electrifying various sectors and reducing greenhouse gas emissions.
A look at Public Service Enterprise Group Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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 operating in the Northeastern and Mid Atlantic United States, showcases a promising long-term outlook based on its Smartkarma Smart Scores. With a solid overall score profile, the company demonstrates strength in areas such as Dividend and Momentum, both scoring above average. This suggests that Public Service Enterprise Group Inc maintains a robust dividend payout and exhibits positive momentum in its market performance.
While the company scores slightly lower in areas like Value and Resilience, the balanced combination of scores indicates a stable position for growth potential. Public Service Enterprise Group Inc‘s focus on generating, transmitting, and distributing electricity, along with natural gas production, positions it well to capitalize on the energy market dynamics in its operational 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.
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