Company Overview - Sempra (SRE) is anticipated to report a year-over-year decline in earnings, with expected earnings of $0.83 per share, reflecting a decrease of 6.7% compared to the previous year [3][12] - The company's revenues are projected to be $3.15 billion, which represents an increase of 4.7% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on August 7, and the actual results will significantly influence the stock price, depending on whether they meet or exceed expectations [2][12] - The consensus EPS estimate has been revised 8.84% higher in the last 30 days, indicating a more optimistic outlook from analysts [4] Earnings Surprise Prediction - Sempra has an Earnings ESP (Expected Surprise Prediction) of +0.60%, suggesting a likelihood of beating the consensus EPS estimate [12] - The company currently holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a strong potential for an earnings beat [10][12] Historical Performance - In the last reported quarter, Sempra exceeded the expected earnings of $1.21 per share by delivering $1.44, resulting in a surprise of +19.01% [13] - Over the past four quarters, Sempra has only beaten consensus EPS estimates once [14] Industry Context - In the Zacks Utility - Gas Distribution industry, Atmos Energy (ATO) is expected to report earnings of $1.17 per share, reflecting a year-over-year increase of 8.3% [18] - Atmos Energy's revenue is projected to be $940.91 million, up 34.1% from the previous year [18] - Despite a recent downward revision of 3.4% in the consensus EPS estimate for Atmos, it has a Zacks Rank of 3 (Hold) and an Earnings ESP of 0%, making predictions about its performance less conclusive [19]

Group 1 - Energy prices in the UK are expected to decrease by 7% starting in July, bringing average annual energy costs for households down to £1,720 [1] - Cornwall Insight predicts that the average annual reduction in gas and electricity costs for UK households will be approximately £129, influenced by falling wholesale gas prices due to tariffs and warm weather [1] - The predicted decrease is less than Cornwall Insight's previous forecast of a 9% reduction to £1,683, as wholesale prices have risen again and estimates for policy and grid charges have been updated [1] Group 2 - Ofgem will confirm the price cap level for July to September, with Cornwall Insight's predictions based on the assumption that suppliers will continue to charge an annual fee of £28 to assist indebted customers [2] - The forecast for further reductions in the price cap in upcoming quarters will be influenced by multiple factors, including climate change patterns, EU gas storage rule relaxations, ongoing disputes over US tariffs, and the repercussions of the Ukraine war [2] - The decrease in the price cap is seen as a positive development, providing much-needed relief for households facing high energy costs, although current prices remain significantly above early 21st-century levels [2]