PSEG (PEG) Q4 Earnings and Revenues Surpass Estimates

Core Viewpoint - PSEG reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of$0.83 per share, and showing an increase from $0.54 per share a year ago [1][2]. Financial Performance - The company achieved revenues of$2.47 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.56%, although this is a decrease from $2.61 billion in the same quarter last year [3]. - PSEG has exceeded consensus revenue estimates four times over the last four quarters [3]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$1.39 on revenues of $2.8 billion, and for the current fiscal year, it is$4.03 on revenues of $10.15 billion [8]. - The estimate revisions trend for PSEG is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7]. Industry Context - The Utility - Electric Power industry, to which PSEG belongs, is currently in the top 50% of over 250 Zacks industries, suggesting that stocks in this category tend to outperform those in the bottom 50% by more than 2 to 1 [9].