Newark, New Jersey-based Public Service Enterprise Group Incorporated (PEG) operates in electric and gas utility and nuclear generation businesses in the United States. With a market cap of $40.7 billion, the company operates through PSE&G and PSEG Power segments.
The company is set to unveil its second-quarter results on Tuesday, July 29. Ahead of the event, analysts expect PEG to report non-GAAP earnings of $0.72 per share, up 14.3% from the profit of $0.63 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in one of the past four quarters, while missing on three occasions.
For the current year, its earnings are expected to be $4.01 per share, up 9% from $3.68 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 7.5% year-over-year to $4.31 per share.
PEG stock has grown 7.9% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund’s (XLU) 19% surge and the S&P 500 Index’s ($SPX) 12.3% uptick during the same time frame.
PEG’s stock dropped 2.1% following the release of its Q1 results on Apr. 30. The company’s revenue increased 16.7% year-over-year to $3.2 billion, exceeding the Street’s estimates, mainly driven by increased energy consumption due to colder weather in January and February. However, its adjusted EPS for the quarter came in at $1.43 and failed to touch the consensus estimates by 2.1%.
The consensus opinion on PEG is moderately optimistic, with a “Moderate Buy” rating overall. Of the 18 analysts covering the stock, opinions include eight “Strong Buys” and 10 “Holds.” PEG’s average analyst price target of $88.57 indicates a potential upside of 8.6% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
