Sempra Energy (NYSE:SRE) reported its Q2 earnings results on Thursday, August 4, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Sempra Energy beat estimated earnings by 14.45%, reporting an EPS of $1.98 versus an estimate of $1.73.
Revenue was up $806.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 2.35% increase in the share price the next day.
Here’s a look at Sempra Energy’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.75 | 2 | 1.7 | 1.61 |
| EPS Actual | 2.91 | 2.16 | 1.7 | 1.63 |
| Revenue Estimate | 3.34B | 3.55B | 2.82B | 2.56B |
| Revenue Actual | 3.82B | 3.84B | 3.01B | 2.74B |
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
Sempra Energy management provided guidance for FY 2022, expecting earnings between $8.1 and $8.7 per share.
To track all earnings releases for Sempra Energy visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
