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Sempra Energy (SRE) Tops Q4 Earnings, Misses Sales Estimate

Zacks Equity Research
Updated

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.

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

Estimate Trend & Surprise History

Investors should note that the recent earnings estimate for Sempra Energy of $1.40 remained same over the past 7 days. The company currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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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 13.49%.

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 surpassed our earnings expectation for the company. Our consensus called for fourth-quarter EPS of $1.40, while the company reported adjusted EPS of $1.54.

Revenues: The company however missed the revenue expectation. Our consensus called for fourth-quarter revenues of $3,126 million, and the company reported revenues of $2,964 million.

Sempra Energy Price and EPS Surprise

Sempra Energy Price and EPS Surprise | Sempra Energy Quote

Key Note: The company currently expects its 2018 earnings-per-share to remain in the band of $5.30-$5.80.

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

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