PPL (PPL) Gains As Market Dips: What You Should Know

PPL (PPL) closed the most recent trading day at $36.29, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%. The stock of energy and utility holding company has fallen by 2.01% in the past month, lagging the Utilities sector's loss of 1.28% and the S&P 500's gain of 0.08%.Market participants will be closely following the financial results of PPL in its upcoming release. The company is expected to report EPS of $0.35, up 9.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.15 billion, indicating a 6.19% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $9.63 billion, indicating changes of +7.73% and +6.47%, respectively, compared to the previous year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. PPL is currently sporting a Zacks Rank of #3 (Hold). Digging into valuation, PPL currently has a Forward P/E ratio of 18.26. This expresses a premium compared to the average Forward P/E of 18.11 of its industry. Also, we should mention that PPL has a PEG ratio of 2.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.67. The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 37% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks