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PPL's Second Quarter Earnings Report
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PPL
PPL (NYSE:PPL) announced its results for the most recent quarter on August 8, 2012. PPL Corporation is an energy and utility holding company that generates and markets electricity in the northeastern and western U.S.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 12 Things You Need To Know About Financial Statements
The Numbers: PPL posted an EPS above analyst expectations, despite revenues falling short of predictions. The company reported 46 cents per share versus the 39 cents per share estimate and revenues of $2.55 billion versus the $3.14 billion estimate. EPS rose 31.4% while revenue climbed 2.4% from the same period last year. PPL's revenue has grown during each of the past four quarters on a year-over-year basis. Net income for the second quarter was $271 million. This is 38.3% higher than the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "The combination of strong U.K. earnings, as well as the ability of our Supply segment to effectively manage unplanned outage challenges at our Susquehanna nuclear power plant, puts us solidly on course to achieve our 2012 earnings forecast," said William H. Spence, PPL's chairman, president and chief executive officer.
A Look Back: Net income has increased 62.1% year-over-year on average across the last five quarters. The biggest gain came in the second quarter of the last fiscal year, when income climbed more than twofold from the year-earlier quarter.
Looking Ahead: Analysts appear increasingly optimistic about the company's results for the next quarter. The average estimate for the third quarter has moved up from 69 cents a share to 70 cents over the last 60 days. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. At $2.31 per share, the average estimate for the fiscal year has fallen from $2.33 90 days ago.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 12 Things You Need To Know About Financial Statements
The Numbers: PPL posted an EPS above analyst expectations, despite revenues falling short of predictions. The company reported 46 cents per share versus the 39 cents per share estimate and revenues of $2.55 billion versus the $3.14 billion estimate. EPS rose 31.4% while revenue climbed 2.4% from the same period last year. PPL's revenue has grown during each of the past four quarters on a year-over-year basis. Net income for the second quarter was $271 million. This is 38.3% higher than the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "The combination of strong U.K. earnings, as well as the ability of our Supply segment to effectively manage unplanned outage challenges at our Susquehanna nuclear power plant, puts us solidly on course to achieve our 2012 earnings forecast," said William H. Spence, PPL's chairman, president and chief executive officer.
A Look Back: Net income has increased 62.1% year-over-year on average across the last five quarters. The biggest gain came in the second quarter of the last fiscal year, when income climbed more than twofold from the year-earlier quarter.
Looking Ahead: Analysts appear increasingly optimistic about the company's results for the next quarter. The average estimate for the third quarter has moved up from 69 cents a share to 70 cents over the last 60 days. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. At $2.31 per share, the average estimate for the fiscal year has fallen from $2.33 90 days ago.
by
Investopedia Staff
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