Public Service Enterprise Group Set to Report Q1 Earnings

With a market cap of $41.4 billion, Public Service Enterprise Group Incorporated (PEG) stands as a diversified energy company serving the Northeastern and Mid-Atlantic United States. The company operates through its key subsidiaries, PSE&G and PSEG Power, focusing on electric and gas utilities, nuclear generation, and energy-related services. Based in Newark, New Jersey, PEG is slated to unveil its fiscal Q1 2025 earnings results on Wednesday, April 30, before the market opens.

Analysts expect the utility company to report a profit of $1.43 per share, which would be a 9.2% increase from $1.31 per share reported in the same quarter last year. Over the past four quarters, PEG has exceeded Wall Street’s bottom-line estimates once and missed on three occasions. Notably, in Q4 2024, PEG exceeded the consensus EPS estimate by 1.2%.

Looking ahead to fiscal 2025, analysts project PEG’s EPS to reach $4.01, reflecting a nearly 9% increase from $3.68 in fiscal 2024.

Shares of PEG have risen by 30% over the past 52 weeks, outperforming both the S&P 500 Index’s ($SPX) 5.6% gain and the Utilities Select Sector SPDR Fund’s (XLU) 22.2% increase during the same period.

Despite reporting better-than-expected Q4 2024 earnings, shares of PEG fell by 1.3% on February 25. Investors appeared concerned over a year-over-year decline in GAAP EPS to $0.57 and a significant 35.7% drop in quarterly operating income. Furthermore, PEG’s total annual revenues dropped to $10.3 billion in 2024, despite beating estimates. Increasing operating expenses and a notable 17.2% rise in interest expenses likely contributed to investor wariness.

The analysts’ consensus rating for Public Service Enterprise Stock remains cautiously optimistic, reflecting a “Moderate Buy” overall. Among the 19 analysts covering the stock, there are eight “Strong Buys” and 11 “Holds.” Currently, PEG is trading below the average analyst price target of $89.66.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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