Sempra Energy (NYSE:SRE) , an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.
Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.
However, stringent government regulations and several operational risks remain potential setbacks.
Estimate Trend & Surprise History
Investors should note that the recent earnings estimate for Sempra Energy of $1.00 has increased by 3 cents over the past 30 days. The company currently has a Zacks Rank #4 (Sell).
Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive beat of 7.82%.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: Sempra Energy missed the earnings expectation by 21%. Our consensus called for second-quarter EPS of $1.00, and the company reported adjusted EPS of 79 cents.
The company reported total revenue of $2,156 million, down from $2,367 million a year-ago.
Key Stats to Note: The company reaffirmed its 2016 adjusted EPS guidance in the range of $4.60 to $5.00.
Check back later for our full write up on this SRE earnings report later!
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SEMPRA ENERGY (SRE): Free Stock Analysis Report
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