Public Service Enterprise Group

Utilities | Diversified Utilities | USA
Public Service Enterprise (PEG) Q4 Earnings Beat Estimates

Public Service Enterprise Group Inc. (PEG - Free Report) , or PSEG, reported fourth-quarter 2018 adjusted operating earnings of 56 cents per share, surpassing the Zacks Consensus Estimate of 55 cents by 1.8%. The bottom line, however, slipped 1.8% on a year-over- year basis.

 
Excluding one-time adjustments, the company reported quarterly earnings of 39 cents per share compared with $1.88 per share in fourth-quarter 2017.
 
For 2018, PSEG’s adjusted operating EPS came in at $3.12, up 6.5% from the prior-year quarter’s $2.93. The figure also surpassed the Zacks Consensus Estimate of $3.11 by a penny.
 
Total Revenues
 
Revenues of $2,468 million in the quarter exceeded the Zacks Consensus Estimate of $2,359 million by 4.6%. Moreover, the figure improved 17.1% from the year-ago quarter’s figure of $2,107 million.

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Public Service Enterprise (PEG) Q1 Earnings Beat Estimates

Public Service Enterprise Group Inc. PEG, or PSEG, reported first-quarter 2019 adjusted operating earnings of $1.08 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 9.1%. Moreover, the bottom line increased 11.3% on a year-over-year basis.

Excluding one-time adjustments, the company reported quarterly earnings of $1.38 per share compared with $1.10 in first-quarter 2018.

Total Revenues

Revenues of $2,980 million in the quarter exceeded the Zacks Consensus Estimate of $2,780 million by 7.2%. Moreover, the figure improved 5.7% from the year-ago quarter’s figure of $2,818 million. 

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