Public Service Enterprise Q4 Revenue Climbs 18.3% to $2.92B, EPS Tops Estimates
Public Service Enterprise Group posted Q4 revenue of $2.92 billion, up 18.3% year-over-year and 12.8% above the $2.58 billion consensus. EPS of $0.72 beat estimates by $0.01 but declined from $0.84 a year ago, while PSE&G operating income of $499 million trailed the $565.8 million forecast.
1. Q4 Financial Results
Public Service Enterprise Group delivered Q4 revenue of $2.92 billion, marking an 18.3% year-over-year increase and a 12.8% upside to the $2.58 billion consensus. Earnings per share came in at $0.72, beating the $0.71 estimate but down from $0.84 in the prior year.
2. Segment Performance
The PSE&G utility segment generated $2.33 billion in revenue, up 10.1% year-over-year and above the $2.16 billion forecast, yet its operating income of $499 million fell short of the $565.8 million estimate. The Power & Other division recorded operating income of $12 million versus a $109.2 million consensus estimate.
3. Market Reaction and Analyst View
Shares of Public Service Enterprise Group have climbed 5.6% over the past month, outperforming the broader market’s 0.6% gain. Analysts have issued a Sell rating, signaling potential underperformance in the near term.