Sempra (SRE) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Sempra (SRE) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with a consensus EPS estimate of $0.98 per share, reflecting a 4.3% increase compared to the previous year [1][2]. Earnings Estimates - The consensus EPS estimate has been revised down by 2.82% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [3][6]. - Revenues for the upcoming quarter are expected to reach $3.52 billion, representing a 5.6% increase from the same quarter last year [18]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [4][5]. - Sempra currently has a negative Earnings ESP of -5.80%, which implies a lower likelihood of beating the consensus EPS estimate [6][14]. Historical Performance - Over the last four quarters, Sempra has beaten consensus EPS estimates twice, indicating some potential for positive surprises [15]. Upcoming Earnings Report - The earnings report is scheduled for release on August 6, 2024, and could significantly influence the stock price depending on whether the results meet or exceed expectations [17].