With a market cap of about $48.1 billion, California-based Sempra (SRE) is a leading energy infrastructure company, serving nearly 40 million consumers. Renowned for its sustainable business practices and a culture of safety and excellence, Sempra is at the forefront of electrification and operational efficiency. The company is all set to announce its fiscal Q2 earnings results on Thursday, August 1.
Ahead of this event, analysts expect the utility giant to report a profit of $1.03 per share, up 9.6% from $0.94 per share in the year-ago quarter. The company has surpassed or matched Wall Street’s bottom-line estimates in three of the last quarterly reports while missing on one other occasion. In its latest earnings release, the company posted an EPS of $1.34 on an adjusted basis, which missed the consensus estimates by a narrow margin.
