With a market cap of $37.6 billion, Public Service Enterprise Group Incorporated (PEG) is a leading diversified energy company in the utilities sector, primarily operating through its PSE&G and PSEG Power subsidiaries. The New Jersey-based company is expected to unveil its fiscal Q2 earnings results before the market opens on Tuesday, Jul. 30.
Prior to the event, analysts anticipate PEG to report a profit of $0.67 per share, down 4.3% from $0.70 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. The company reported an EPS of $1.31 in the most recent quarter, missing the consensus EPS estimate marginally due to higher investment-related expenses and pending resolution of the distribution rate case.
