Seeking Clues to PSEG (PEG) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - PSEG (PEG) is expected to report quarterly earnings of $0.83 per share, a 53.7$2.31 billion [1] Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised upward by 4.8%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - The consensus estimate for 'Revenue- PSE&G' is $1.91 billion, reflecting a year-over-year increase of 3.1$515.05 million, indicating a significant year-over-year decline of 51.3% [5] - The estimate for 'Electric sales' is projected at 9,048.09 KWH, slightly down from 9,082 KWH a year ago [5] Stock Performance - PSEG shares have decreased by 2.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.6% [5] - PSEG holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [5]