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Spark Energy (SPKE) To Post Q4 Earnings: What's In Store?

ByZacks Investment Research
Published 03/02/2020, 09:12 PM
Updated 07/09/2023, 06:31 AM

Spark Energy, Inc. (NASDAQ:SPKE) is scheduled to release fourth-quarter 2019 results on Mar 5, 2020. The company has trailing four-quarter positive earnings surprise of 1,875%, on average.

Let’s see how things are shaping up prior to this announcement.

Factors at Play

Spark Energy’s focus on adding smaller commercial and high value residential customers along with disciplined pricing across all customer segments are likely to have boosted fourth-quarter earnings. Moreover, its focus on cost savings and improvement in hedging strategies are likely to have had a positive impact on fourth-quarter performance.

Spark Energy, Inc. Price and EPS Surprise

Spark Energy, Inc. price-eps-surprise | Spark Energy, Inc. Quote

Q4 Expectation

The Zacks Consensus Estimate for fourth-quarter 2019 sales is pegged at $190.7 million, which indicates a decline of 16.55% from the year-ago quarter’s figure. The Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is pegged at 5 cents per share, which calls for year-over-year increase of 117.24%.

What Our Quantitative Model Predicts

Our proven model doesn’t conclusively predict an earnings beat for Spark Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Spark Energy carries a Zacks Rank #3.

Stocks to Consider

Investors can consider the following players from the same industry that have reported earnings beat in the fourth quarter of 2019.

Xcel Energy Inc. (NASDAQ:XEL) posted fourth-quarter 2019 operating earnings of 56 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 5.6%.

Pinnacle West Capital Corporation (NYSE:PNW) delivered adjusted EPS of 57 cents in the fourth quarter of 2019, which beat the Zacks Consensus Estimate of 47 cents by 21.3%.

FirstEnergy Corporation (NYSE:FE) delivered fourth-quarter 2019 operating earnings of 55 cents per share, which beat the Zacks Consensus Estimate of 48 cents by 14.6%.

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FirstEnergy Corporation (FE): Free Stock Analysis Report

Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report

Xcel Energy Inc. (XEL): Free Stock Analysis Report

Spark Energy, Inc. (SPKE): Free Stock Analysis Report

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