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Utilities | Diversified Utilities | USA
Public Service Enterprise (PEG) Q4 Earnings Beat Estimates
Public Service Enterprise Group Inc. (PEG - Free Report) , or PSEG, reported fourth-quarter 2018 adjusted operating earnings of 56 cents per share, surpassing the Zacks Consensus Estimate of 55 cents by 1.8%. The bottom line, however, slipped 1.8% on a year-over- year basis.
Excluding one-time adjustments, the company reported quarterly earnings of 39 cents per share compared with $1.88 per share in fourth-quarter 2017.
For 2018, PSEG’s adjusted operating EPS came in at $3.12, up 6.5% from the prior-year quarter’s $2.93. The figure also surpassed the Zacks Consensus Estimate of $3.11 by a penny.
Total Revenues
Revenues of $2,468 million in the quarter exceeded the Zacks Consensus Estimate of $2,359 million by 4.6%. Moreover, the figure improved 17.1% from the year-ago quarter’s figure of $2,107 million.
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![[Bild: PEGc1dl1245.png]](https://finviz.com/publish/022719/PEGc1dl1245.png)
Public Service Enterprise (PEG) Q4 Earnings Beat Estimates
Public Service Enterprise Group Inc. (PEG - Free Report) , or PSEG, reported fourth-quarter 2018 adjusted operating earnings of 56 cents per share, surpassing the Zacks Consensus Estimate of 55 cents by 1.8%. The bottom line, however, slipped 1.8% on a year-over- year basis.
Excluding one-time adjustments, the company reported quarterly earnings of 39 cents per share compared with $1.88 per share in fourth-quarter 2017.
For 2018, PSEG’s adjusted operating EPS came in at $3.12, up 6.5% from the prior-year quarter’s $2.93. The figure also surpassed the Zacks Consensus Estimate of $3.11 by a penny.
Total Revenues
Revenues of $2,468 million in the quarter exceeded the Zacks Consensus Estimate of $2,359 million by 4.6%. Moreover, the figure improved 17.1% from the year-ago quarter’s figure of $2,107 million.
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