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Earnings Summary: PPL Q1
The Q1 earnings report for PPL (NYSE:PPL) was released on Wednesday, May 1, 2024 at 08:00 AM.
Here's what investors need to know about the latest announcement.
Earnings
PPL beat estimated earnings by 8.0%, reporting an EPS of $0.54 versus an estimate of $0.5.
Revenue was down $111.00 million from the same period last year.
Analysis of Past Earnings
In the previous quarter, the company beat on EPS by $0.02, resulting in a 1.0% increase change in the share price the following day.
Here's a look at PPL's past performance:
Quarter
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
EPS Estimate
0.50
0.38
0.44
0.32
0.46
EPS Actual
0.54
0.40
0.43
0.29
0.48
Revenue Estimate
2.06B
1.90B
1.74B
1.73B
1.99B
Revenue Actual
2.30B
2.03B
2.04B
1.82B
2.42B
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PPL management provided guidance for FY 2024, expecting earnings between $1.63 ...