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Sempra Energy (SRE) Meets Q3 Earnings, Misses Sales Estimate

Sempra Energy SRE, an energy services holding company, engages in the sale, distribution, storage and transportation of electricity and natural gas. The San Diego, CA-based firm’s businesses are divided into California Utilities, Sempra International and Sempra U.S. Gas & Power.

Sempra Energy’s stable cash generating capacity, several development projects, steady focus on expansion of renewable capacity and systematic asset divestment strategy is expected to boost its future performance. In addition, the company’s practice of paying dividend is commendable.

However, stringent government regulations and several operational risks remain potential setbacks.

Sempra Energy Price and EPS Surprise

Sempra Energy Price and EPS Surprise | Sempra Energy Quote

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Estimate Trend & Surprise History

Investors should note that the recent earnings estimate for Sempra Energy of $1.04 has dropped by 3 cents over the past 7 days. The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coming to the earnings surprise history, Sempra Energy has surpassed the Zacks Consensus Estimate in the last four quarters with an average positive beat of 14.78%.

Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings: Sempra Energy’s earnings came in line with our earnings expectation for the company. Our consensus called for third-quarter EPS of $1.04, which met the company’s reported adjusted EPS of $1.04.

Revenues: The company however missed the revenue expectation. Our consensus called for third-quarter revenues of $2,776.1 million, and the company reported revenues of $2,679 million.

Note: The company continues to expect its 2017 earnings-per-share to remain in the earlier provided band of $5.00-$5.30.

Check back later for our full write up on this SRE earnings report later!

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