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Public Service Enterprise (GB:0KS2)
:0KS2
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.83Last Year’s EPS
0.54Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -4.28%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with strong financial performance and successful regulatory outcomes, though there were concerns about regulatory and capacity auction delays.Company Guidance
During the third quarter of 2024, Public Service Enterprise Group (PSEG) reported a net income of $1.04 per share, up from $0.27 per share in the same period last year, and achieved non-GAAP operating earnings of $0.90 per share, compared to $0.85 in 2023. For the first nine months, net income reached $2.97 per share, down from $4.03 in 2023, while non-GAAP earnings were $2.84 per share, slightly lower than the previous year's $2.94. The company narrowed its 2024 non-GAAP operating earnings guidance to $3.64-$3.68 per share, reflecting solid performance and the implementation of new base distribution rates. PSEG also highlighted a 5% to 7% expected long-term non-GAAP earnings growth rate, supported by regulatory settlements, including a $505 million annual revenue increase from rate adjustments and a $1.9 billion investment in clean energy initiatives. Capital investment for 2024 is projected at $3.5 billion, contributing to a 6% to 7.5% anticipated annual growth in rate base through 2028.Strong Financial Performance
PSEG reported net income of $1.04 per share for Q3 2024, compared to $0.27 per share in 2023. Non-GAAP operating earnings were $0.90 per share in Q3 2024, up from $0.85 per share in 2023.
Successful Regulatory Settlements
Two major regulatory filings were successfully resolved, including PSE&G's base rate case and the second phase of its clean energy future energy efficiency programs.
Capital Investment and Infrastructure
PSE&G invested approximately $1 billion during Q3 2024, with a total projected capital spending of $3.5 billion for 2024, slightly higher than planned.
Nuclear Fleet Performance
The nuclear fleet performed well, with a capacity factor of 94.5% and continued commitment to long-term growth opportunities in nuclear.
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GB:0KS2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0KS2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $87.11 | $81.26 | -6.71% |
| Jul 30, 2024 | $75.73 | $75.72 | -0.01% |
| Apr 30, 2024 | $67.28 | $67.56 | +0.41% |
| Feb 26, 2024 | $58.74 | $57.87 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Public Service Enterprise (GB:0KS2) report earnings?
Public Service Enterprise (GB:0KS2) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Public Service Enterprise (GB:0KS2) earnings time?
Public Service Enterprise (GB:0KS2) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Public Service Enterprise stock?
The P/E ratio of Public Service Enterprise is N/A.
What is GB:0KS2 EPS forecast?
GB:0KS2 EPS forecast for the fiscal quarter 2024 (Q4) is 0.83.
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