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Public Service Enterprise (PEG) makes a strong case for investment in the utility space with its robust ROE and ability to increase shareholder value through regular dividend payments.
PSEG (PEG) reported earnings 30 days ago. What's next for the stock?
Although the revenue and EPS for PSEG (PEG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PSEG's (PEG) Q1 revenues of $2.76 billion beat the Zacks Consensus Estimate by 4.1%. The top line, however, is down 26.5% from the year-ago quarter's level.
PSEG (PEG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
PSEG's (PEG) Q1 results are likely to reflect the adverse impacts of an atmospheric river storm, along with higher depreciation and interest expenses.