Newark, New Jersey-based Public Service Enterprise Group Incorporated (PEG) is a diversified electric and gas utilities company. With a market cap of $43.9 billion, the company operates through PSE&G and PSEG Power segments. The utilities giant is expected to release its Q3 earnings before the market opens on Monday, Nov. 4.
Ahead of the event, analysts expect PEG to report a profit of $0.94 per share, up 10.6% from $0.85 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections twice over the past four quarters while missing the estimates on two other occasions. Its adjusted EPS for the last reported quarter declined 10% year-over-year to $0.63, missing the consensus estimates by 1.6%.
