Core Insights - PSEG reported $2.47 billion in revenue for Q4 2024, a year-over-year decline of 5.4%, but exceeded the Zacks Consensus Estimate by 6.56% [1] - The EPS for the quarter was $0.84, up from $0.54 a year ago, surpassing the consensus estimate of $0.83 by 1.20% [1] Revenue Performance - Electric sales were reported at 9,174 KWH, exceeding the average estimate of 9,048.09 KWH [4] - Revenue from PSE&G was $2.11 billion, compared to the average estimate of $1.91 billion, reflecting a year-over-year increase of 14.1% [4] - Revenue from Eliminations was reported at -$316 million, slightly worse than the average estimate of -$298.75 million, but still showing a year-over-year improvement of 3.3% [4] - Revenue from Power & Other was $667 million, significantly lower than the estimated $515.05 million, marking a 37% decline year-over-year [4] Operating Income - Operating income for PSE&G was $554 million, surpassing the average estimate of $527.82 million [4] - Operating income for Power & Other was reported at -$109 million, which was below the average estimate of $58.34 million [4] Stock Performance - PSEG shares have returned +2.8% over the past month, contrasting with a -1.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]
PSEG (PEG) Reports Q4 Earnings: What Key Metrics Have to Say