PPL Corporation (NYSE:PPL) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PPL to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 7999.44 million, while looking forward to income of $ 2.42 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.40 ~ $ 2.60 per share
Click Here For More Historical Outlooks Of PPL Corporation
Previous Quarter Performance
PPL Corporation revealed income for the second quarter of $ 0.55 per share, from the revenue of $ 1,739.00 million. The quarterly earnings declined 5.17 percent while revenues shrunk 3.55 percent compared with the same quarter last year.
According to street consensus, PPL was expected to report 2Q20 income of $ 0.54 per share from revenue of $ 1891.55 million. The bottom line results beat street analysts by $ 0.01 or 1.85 percent, at the same time, top line results fell short of analysts by $ 152.55 million or 8.06 percent.
Stock Performance
Shares of PPL Corporation traded low $ -0.92 or -3.19 percent on Wednesday, reaching $ 27.92 with volume of 4.01 million shares. PPL Corporation has traded high as $ 28.87 and has cracked $ 27.92 on the downward trend
The closing price of $ 27.92, representing a 59.16 % increase from the 52 week low of $ 18.12 and a 21.69 % decrease over the 52 week high of $ 36.83.
The company has a market capital of $ 21.46 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 31.00 target price.
Recent Stock Dividend Announcement
On August 28, 2020, the board of directors authorized quarterly dividend of $ 0.415 per share to holders of record as of the close of business on September 10, 2020, with payment date of October 1, 2020 and ex-dividend date on September 9, 2020.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated.
