Sempra (SRE) Lags Q3 Earnings and Revenue Estimates

Core Insights - Sempra reported quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.06 per share, and showing a decline from $1.08 per share a year ago, resulting in an earnings surprise of -16.04% [1] - The company posted revenues of $2.78 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 27.53%, and down from $3.33 billion year-over-year [2] - Sempra shares have increased by approximately 10.1% since the beginning of the year, underperforming compared to the S&P 500's gain of 21.2% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.45 on revenues of $4.13 billion, and for the current fiscal year, it is $4.77 on revenues of $15.57 billion [7] Industry Context - The Utility - Gas Distribution industry, to which Sempra belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]