In a market dealing with external shocks, value investing, or the strategy of putting money in underappreciated stocks, is fast gaining popularity. Although these stocks are apparently cheap compared to their peers, investment is made with the hope that the stock price will appreciate reasonably to match the intrinsic value of the business. However, these ratios, while not taking into account the future growth potential of a stock, may end up convincing us to invest in stocks that are at a discount just bec ...

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock' ...

Public Service Enterprise Group's (PEG) strategic investments in infrastructure projects and focus on expanding renewable assets will help the company boost customers' satisfaction. Given its growth opportunities, PEG is a solid investment option in the utility sector. Let us focus on the reasons that make this Zacks Rank #2 (Buy) stock a robust investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estimate for PEG's 2024 earnings per share (EPS) has increased 0.3% to $3.6 ...

It has been about a month since the last earnings report for PSEG (PEG) . Shares have added about 4.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is PSEG due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. PSEG Q1 Earnings Miss Estimates, Revenues Down Y/Y Public ...

In a market dealing with external shocks, value investing is fast gaining popularity. The success of value investors like Warren Buffett underscores this. Buffett and his business partner, Charlie Munger, managed to register a 19.8% CAGR for Berkshire Hathaway from 1965 through 2023. This compares favorably with a 10.2% rise of the S&P 500 Index during the same period. Several other stocks, which have surged significantly in the recent past, have shown the overwhelming success of this pure-play investment s ...

A full decade of planning and strengthening the electric infrastructure against extreme weather has increased reliability and resilienceUNIONDALE, N.Y., May 3, 2024 /PRNewswire/ -- PSEG Long Island has spent the last decade preparing the utility and the electric grid for hurricanes and other extreme weather. On National Hurricane Preparedness Week, May 5-11, the company announced it is also developing a proactive Climate Change Resilience Plan in partnership with the Long Island Power Authority (LIPA) to ad ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO | | | State or other | | | --- | --- | --- | --- | | | | jurisdiction of | I.R.S. Employer | | Commission | | Incorporation or | Identifi ...

Public Service Enterprise Group Incorporated (NYSE:PEG) Q1 2024 Results Conference Call April 30, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, President and Chief Executive Officer Dan Cregg - Executive Vice President and Chief Financial Officer Conference Call Participants Nick Campanella - Barclays Jeremy Tonet - JP Morgan Durgesh Chopra - Evercore ISI Shar Pourreza - Guggenheim Carly Davenport - Goldman Sachs Andrew Weisel - Scotiabank Steve Fleishman - ...

For the quarter ended March 2024, PSEG (PEG) reported revenue of $2.76 billion, down 26.5% over the same period last year. EPS came in at $1.31, compared to $1.39 in the year-ago quarter.The reported revenue represents a surprise of +4.13% over the Zacks Consensus Estimate of $2.65 billion. With the consensus EPS estimate being $1.32, the EPS surprise was -0.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

Public Service Enterprise Group Incorporated (PEG) or PSEG reported first-quarter 2024 adjusted earnings of $1.31 per share, which missed the Zacks Consensus Estimate of $1.32 by 0.8%. Earnings also declined 5.8% from the prior-year reported figure.The company reported quarterly GAAP earnings per share (EPS) of $1.06 compared with $2.58 in the corresponding period of 2023.The year-over-year deterioration can be attributed to higher investment-related expenses.Total RevenuesOperating revenues in the first qu ...