PPL Corp (PPL) Q3 Earnings: What's In Store For The Stock?
Zacks Investment Research | Oct 25, 2016 11:00PM ET
Diversified utility PPL Corporation (NYSE:PPL) is scheduled to report third-quarter results on Nov 1, before the market opens. Last quarter, the company’s earnings witnessed a positive earnings surprise of 5.66%. Let’s see how things are shaping up for this quarter.
Factors to Consider
Above-average temperatures in its service territories in the U.S are expected to drive its topline
As PPL Corp. is sufficiently hedged for the next three years, its revenues are cushioned from the impact of an economic recession in the UK, which might follow the Brexit episode. Further, the company does not anticipate making any change in the UK investment as its business plans have already been approved by Ofgem, the regulatory body in the country.
Further, in order to leverage the historically low foreign exchange rates and tax-rate differential between the U.S. and the UK, PPL Corp. has decided to repatriate $100–$200 million a year, compared with the previously expected range of $300–$400 million.
Earnings Whispers
Our proven model does not conclusively show that PPL Corporation will beat earnings this quarter. That is because a stock needs to have both a positive Original post
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