SEMPRA ENERGY (NYSE: SRE) has reported earnings for its second fiscal quarter (ending June 30) of $1.13 versus $1.91 for the same period a year ago — a decline of -41%. Relative to the consensus estimate of $0.94, this was a premium of $0.19. For the latest four quarters through June 30, E.P.S. were $4.70 compared to $7.92 a year ago — a decline of -41%.
Recent Price Action
SEMPRA ENERGY (NYSE: SRE) stock declined by -2.1% on 8/6/24. The shares closed at $77.05. Moreover, this decline was accompanied by unusually high trading volume at 164% of normal. The stock has performed in line with the market over the last nine months and has declined -2.8% 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 B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. SEMPRA ENERGY has a slightly positive Power Rating of 62 and a good Appreciation Score of 73, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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