Unlocking Q1 Potential of PSEG (PEG): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - PSEG is expected to report quarterly earnings of $1.46 per share, an 11.5$2.85 billion, reflecting a 3.3% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised downward by 2.6% over the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3]. Key Metrics - Analysts estimate 'Revenue- PSE&G' will reach $2.50 billion, a 7.2$591.45 million, indicating a significant decrease of 32.2% from the prior-year quarter [5]. - 'Electric sales' are projected at 10,130.81 KWH, up from 9,731 KWH in the previous year [5]. Stock Performance - PSEG shares have increased by 1.3% in the past month, contrasting with the Zacks S&P 500 composite's decline of 4.8% [6]. - PSEG holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6].