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PPLBearishEarningsnews
Materiality pending

PPL's Q1 Earnings Beat Estimates on Strong Electricity Sales

May 1, 2024, 2:28 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- PPL reported Q1 2024 EPS of 54 cents, beating estimates and increasing 12.5% YoY. - Total revenues of $2.3 billion missed estimates by 5.3%, down 4.6% YoY. - PPL reaffirmed 2024 EPS guidance of $1.63-$1.75 and long-term earnings growth of 6-8%. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings

  • PPL reported Q1 2024 EPS of 54 cents, beating estimates and increasing 12.5% YoY.
  • Total revenues of $2.3 billion missed estimates by 5.3%, down 4.6% YoY.
  • PPL reaffirmed 2024 EPS guidance of $1.63-$1.75 and long-term earnings growth of 6-8%.

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