PPL (NYSE:PPL) reported its Q1 earnings results on Thursday, May 4, 2023 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
PPL beat estimated earnings by 4.35%, reporting an EPS of $0.48 versus an estimate of $0.46.
Revenue was up $633.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 1.27% increase in the share price the next day.
Here’s a look at PPL’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.28 | 0.42 | 0.29 | 0.39 |
| EPS Actual | 0.28 | 0.41 | 0.30 | 0.41 |
| Revenue Estimate | 1.62B | 1.93B | 1.71B | 1.91B |
| Revenue Actual | 2.29B | 2.13B | 1.70B | 1.78B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
PPL management provided guidance for FY 2023, expecting earnings between $1.5 and $1.65 per share.
To track all earnings releases for PPL visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
