Sempra Energy

Sempra (SRE) Q1 Earnings Beat Estimates

Sempra (SRE) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 13.61%. A quarter ago, it was expected that this natural gas and electricity provider would post earnings of $1.47 per share when it actually produced earnings of $1.56, delivering a surprise of 6.12%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Sempra, which belongs to the Zacks Utility - Gas Distribution industry, posted revenues of $2.90 billion for the quarter ended March 2019, missing the Zacks Consensus Estimate by 7.11%. This compares to year-ago revenues of $2.96 billion. The company has topped consensus revenue estimates two times over the last four quarters.

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