SEMPRA ENERGY (NYSE: SRE) has reported E.P.S. of $1.27 for its first fiscal quarter (ending March 31) versus $3.08 for the same period a year ago — a decline of -59%. This performance was $-0.19 short of the consensus estimate of $1.46. E.P.S. were $4.53 for the latest four quarters through March 31 versus $7.79 for the same period a year ago — a decline of -42%.
Recent Price Action
On 5/7/24, SEMPRA ENERGY (NYSE: SRE) stock increased 1.8%, closing at $73.99. Moreover, above average trading volume at 138% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
SRE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SEMPRA ENERGY has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. SEMPRA ENERGY has a good Appreciation Score of 77 but a neutral Power Rating of 45, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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