For its first fiscal quarter (ending March 31), PPL Corp (NYSE: PPL) has reported a 8% increase in E.P.S. from $0.39 a year ago to $0.42 in the current quarter. Relative to the consensus estimate of $0.55, this was a shortfall of $-0.12. For the latest four quarters through March 31, E.P.S. were $1.03 versus $0.99 for the same period a year ago — an increase of 4%.
Recent Price Action
PPL Corp (NYSE: PPL) stock increased 2.0% on 5/1/24. The shares closed at $28.00. Moreover, trading volume in this advance was unusually high at 157% of normal. The stock has performed in line with the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
PPL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PPL has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. PPL has a neutral Power Rating of 54 and a neutral Appreciation Score of 57, with the Neutral Value Trend Rating the result.
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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