The market expects PSEG (PEG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers are be ...

In a market dealing with external shocks, value investing is fast gaining popularity. The success of value investors like Warren Buffett underscores this. Buffett and his business partner, Charlie Munger, managed to register more than 19.8% CAGR for Berkshire Hathaway from 1965 through 2023. This compares favorably with a 10.2% rise of the S&P 500 Index during the same period. In this article, we discuss how the price/earnings to growth (PEG) ratio can become an efficient yardstick in picking the best value ...

NEWARK, N.J., Oct. 14, 2024 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its third quarter 2024 earnings call at 11:00 a.m. ET on Monday, November 4, during which management will discuss third quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters. The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations w ...

First Base Rate Increase in Six Years, an Annual Increase of About One Percent NEWARK, N.J., Oct. 9, 2024 /PRNewswire/ -- Today, the New Jersey Board of Public Utilities (BPU) approved a settlement agreement that PSE&G had reached with BPU staff, the New Jersey Division of Rate Counsel and other parties to PSE&G's electric and gas distribution base rate case filed in December 2023. The settlement advances PSE&G's ability to continue providing customers with affordable, award-winning service and customer car ...

Core Viewpoint - The article discusses the effectiveness of the GARP (Growth at a Reasonable Price) investment strategy, highlighting its advantages over pure value or growth investing, particularly in uncertain market conditions [1][2]. GARP Investment Strategy - GARP combines principles of both growth and value investing, focusing on stocks that are undervalued yet have sustainable growth potential [3]. - The strategy prioritizes the PEG (Price/Earnings Growth) ratio, which relates a stock's P/E ratio to its future earnings growth rate, helping to identify stocks with solid future potential [4]. PEG Ratio Insights - The PEG ratio is calculated as (Price/Earnings)/Earnings Growth Rate, with a lower PEG ratio (preferably less than 1) being favorable for GARP investors [4][5]. - An example illustrates that a stock with a P/E ratio of 10 and a long-term growth rate of 15% results in a PEG of 0.66, indicating both undervaluation and growth potential [5]. Drawbacks of PEG Ratio - The PEG ratio does not account for changing growth rates, which can affect its reliability as a sole metric for investment decisions [6]. Screening Criteria for GARP Stocks - Successful GARP investments should meet specific criteria, including a PEG ratio less than the industry median, a P/E ratio below the industry median, a Zacks Rank of 1 or 2, and a market capitalization greater than $1 billion [7][8]. Selected Stocks for GARP Investment - **Sirius XM Holdings (SIRI)**: A radio broadcasting company with a Zacks Rank of 2, a Value Score of A, and a long-term expected growth rate of 10% [9][10]. - **Carnival Corporation (CCL)**: The largest cruise operator globally, with a revenue growth rate of 16.4% for 2024, a Value Score of A, and a Zacks Rank of 1 [11][12]. - **JD.com (JD)**: A supply chain-based technology provider in China, boasting a long-term historical growth rate of 63.5% and a Zacks Rank of 1 with a Value Score of A [13][14]. - **Abercrombie & Fitch (ANF)**: A specialty retailer with a Zacks Rank of 1, a Value Score of A, and a long-term historical growth rate of 47.9% [15].

I'm specialized in fundamental equity research, global macro strategy, and top-down portfolio construction. I graduated from UCLA with a degree of Business Economics and UMich Ross School of Business with a Master of Accounting. I'm a senior analyst at a multi-strategy hedge fund. In my opinion, HODL can't generate significant alpha or maintain a high Sharpe ratio over the long run. Seeking Alpha requires active management and minimizing opportunity costs. Investors should understand seeking a high positive ...

A decade of planning and strengthening the grid has increased reliability and resilience UNIONDALE, N.Y., Sept. 26, 2024 /PRNewswire/ -- Coinciding with Climate Week 2024, PSEG Long Island and the Long Island Power Authority (LIPA) have partnered to publish a proactive Climate Change Resilience Plan (CCRP) to address changes in weather patterns projected over the coming decades. To review the full Climate Change Resilience Plan, click here. Experience the full interactive Multichannel News Release here: htt ...

Less volatile commodity prices and solid cost management enabling decrease for customers NEWARK, N.J., Sept. 26, 2024 /PRNewswire/ -- PSE&G announced today it is lowering gas bills for its residential customers by about 5%, effective Oct. 1, 2024, managing to keep costs down while improving the reliability of our gas system. "This is an opportunity to lower our gas supply rate, providing our customers with some price relief and helping to maintain affordability," said Dave Johnson, vice president Customer C ...

In a market dealing with external shocks, value investing is fast gaining popularity. The success of value investors like Warren Buffett underscores this. Buffett and his business partner, Charlie Munger, managed to register more than 19.8% CAGR for Berkshire Hathaway from 1965 through 2023. This compares favorably with a 10.2% rise of the S&P 500 Index during the same period. In this article, we discuss how the price/earnings to growth (PEG) ratio can become an efficient yardstick in picking the best value ...

A month has gone by since the last earnings report for PSEG (PEG) . Shares have added about 0.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is PSEG due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. PSEG Q2 Earnings Miss Estimates, Revenues Rise Y/Y Public Servi ...