Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y

By Zacks Investment ResearchStock MarketsFeb 18, 2021 12:40AM ET
www.investing.com/analysis/ppl-q4-earnings-fall-shy-of-estimates-revenues-decline-yy-200561688
PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y
By Zacks Investment Research   |  Feb 18, 2021 12:40AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

PPL Corporation (NYSE:PPL) PPL reported fourth-quarter 2020 adjusted earnings per share of 59 cents, which missed the Zacks Consensus Estimate of 61 cents by 3.3%. However, the bottom line improved 4% year over year.

On a GAAP basis, the company generated earnings per share of 38 cents compared with 48 cents in the year-ago quarter.

Total Revenues

PPL Corp. posted revenues of $1,929 million for the fourth quarter, which dipped 1.3% year over year.

Operational Highlights

PPL Corp.’s total operating expenses fell 2.9% year over year to $1,225 million for the reported quarter.

The company reported operating income of $704 million, up 1.6% from the prior-year quarter.

Interest expenses were up 1.2% to $251 million from the year-ago quarter’s $248 million.

Segment Results

U.K. Regulated: Adjusted earnings dipped 2.9% from the prior-year quarter to 34 cents per share.

Kentucky Regulated: Adjusted earnings were 11 cents per share, up 10% from the year-ago figure.

Pennsylvania Regulated: Adjusted earnings of 16 cents per share were in line with the prior-year number.

Corporate and Other: The segment reported a loss of 2 cents for the quarter, narrower than a loss of 4 cents in the prior-year quarter.

Financial Position

As of Dec 31, 2020, the company had cash and cash equivalents of $708 million compared with $815 million on Dec 31, 2019.

Long-term debt (excluding debts due within a year) was $21,553 million as of Dec 31 compared with $20,721 million at 2019 end.

Net cash provided by operating activities in 2020 was $2,746 million compared with $2,427 million in 2019.

Zacks Rank

Currently, PPL Corp. carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Utility Releases

NextEra Energy (NYSE:NEE), Inc. NEE reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.

Xcel Energy Inc (NASDAQ:XEL). XEL posted fourth-quarter 2020 operating earnings of 54 cents per share, matching the Zacks Consensus Estimate.

WEC Energy Group (NYSE:WEC) WEC delivered fourth-quarter 2020 earnings per share of 76 cents, topping the Zacks Consensus Estimate of 74 cents by 2.7%.

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer (NYSE:SAM) Company which shot up +143.0% in a little more than 9 months and Nvidia (NASDAQ:NVDA) which boomed +175.9% in one year.


Free: See Our Top Stock and 4 Runners Up >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

WEC Energy Group, Inc. (WEC): Get Free Report

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

PPL Corporation (PPL): Free Stock Analysis Report

NextEra Energy, Inc. (NEE): Get Free Report

To read this article on Zacks.com click here.

Zacks Investment Research
PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y
 

Related Articles

PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email