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Sempra Energy (SRE) Tops Q2 Earnings & Revenue Estimates


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.

Estimate Trend & Surprise History

Investors should note that the recent earnings estimate for Sempra Energy of 80 cents has increased by a nickel over the past 30 days. The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coming to the earnings surprise, Sempra Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters with an average positive beat of 0.16%.

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 surpassed the earnings expectation. Our consensus called for second-quarter EPS of 80 cents, and the company reported adjusted EPS of $1.10.

Revenues: The company also exceeded the revenue expectation. Our consensus called for second-quarter revenues of $2,517.2 million, and the company reported revenues of $2,533 million.

Sempra Energy Price and EPS Surprise

Sempra Energy Price and EPS Surprise | Sempra Energy Quote

Key Stats to Note: The company has raised its 2017 earnings-per-share expectation to the band of $5.00–$5.30 from the prior guidance range of $4.85 to $5.25.

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

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