Sempra Energy (NYSE:SRE) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, SRE is expected to report 3Q20 income of $ 1.52 per share from revenue of $ 2560.07 million.
For the full year, analysts anticipate top line of $ 11198.80 million, while looking forward to income of $ 7.66 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.20 ~ $ 7.80 per share
Click Here For More Historical Outlooks Of Sempra Energy
Previous Quarter Performance
Sempra Energy unfold income for the second quarter of $ 1.65 per share, from the revenue of $ 2,526.00 million. The quarterly earnings raised 50.00 percent while revenues extended 13.27 percent compared with the same quarter last year.
According to street consensus, SRE was expected to report 2Q20 income of $ 1.50 per share from revenue of $ 2448.14 million. The bottom line results beat street analysts by $ 0.15 or 10.00 percent, at the same time, top line results outshined analysts by $ 77.86 million or 3.18 percent.
Stock Performance
Shares of Sempra Energy traded low $ -0.67 or -0.52 percent on Wednesday, reaching $ 128.43 with volume of 881.60 thousand shares. Sempra Energy has traded high as $ 131.90 and has cracked $ 128.06 on the downward trend
The closing price of $ 128.43, representing a 46.70 % increase from the 52 week low of $ 88.00 and a 20.24 % decrease over the 52 week high of $ 161.87.
The company has a market capital of $ 37.15 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 143.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 141.00 target price.
- On 11th September 2020, maintained by Mizuho at Neutral rating, with $ 119.00 target price.
Conference Call
Sempra Energy will be hosting a conference call at 12:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sempra.com
Sempra Energy, together with its subsidiaries, invests in, develops, and operates energy infrastructure, as well as provides electric and gas services in the United States and internationally. The companys San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It provides electric services to a population of approximately 3.7 million and natural gas services to approximately 3.4 million of that population, covering a 4,100 square mile service territory in Southern California.
