Public Service Enterprise Group Earnings Preview: Revenue Expected to Fall

Public Service Enterprise Group PEG announces its next round of earnings this Wednesday, August 3, 2011. Here's Benzinga's advanced look at Public Service Enterprise Group's second quarter earnings report.

Earnings and Revenue:

Analysts are looking ahead to a positive EPS of 55 cents per share and revenues of $2.4 billion. Public Service Enterprise Group's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a positive EPS of 65 cents per share on revenues of $2.46 billion. Investors are bracing themselves for Wednesday when we'll learn if Public Service Enterprise Group reports expected declines in both EPS and revenue from the year-ago quarter.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

At last check, shares of Public Service Enterprise Group were trading at $33.09. Since January 1st, shares of Public Service Enterprise Group have given investors a return of 6.3%.

Average Stock Rating:

The average rating by analysts for Public Service Enterprise Group is a Moderate Buy. This rating has strengthened slightly over the past ninety days.

Competitors:

Wondering how Public Service Enterprise Group compares to rivals in the same sector? Here are a few of the company's peers.

• Constellation Energy Group CEG: Hold with a $0.63 recent quarter EPS
• CH Energy Group CHG: Moderate Sell with a $1.08 recent quarter EPS
• Consolidated Edison ED: Moderate Sell with a $0.97 recent quarter EPS
• Exelon EXC: Hold with a $1.17 recent quarter EPS

Finally, a description of the company's main areas of operation: Public Service Enterprise Group primarily operates as a wholesale energy supply company with nuclear, coal, gas, and oil-fired generation facilities.

Take Action:

There is your peek into Public Service Enterprise Group's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.

• To see up-to-date news on Public Service Enterprise Group, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here