PPL (PPL) Suffers a Larger Drop Than the General Market: Key Insights

PPL (PPL) closed at $34.44 in the latest trading session, marking a -1.29% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.34%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq increased by 0.16%. Shares of the energy and utility holding company witnessed a gain of 3.22% over the previous month, beating the performance of the Utilities sector with its loss of 3.09%, and the S&P 500's gain of 1.19%.The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. The company is expected to report EPS of $0.41, up 20.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.34 billion, up 5.69% from the year-ago period. PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.81 per share and revenue of $8.73 billion. These results would represent year-over-year changes of +7.1% and 0%, respectively. Investors should also take note of any recent adjustments to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. Right now, PPL possesses a Zacks Rank of #3 (Hold). In the context of valuation, PPL is at present trading with a Forward P/E ratio of 17.84. This expresses a premium compared to the average Forward P/E of 17.07 of its industry. Meanwhile, PPL's PEG ratio is currently 2.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.51 based on yesterday's closing prices. The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 27% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PPL Corporation (PPL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks