PPL Corp Thrives On Diverse Asset Portfolio & Business Model
Zacks Investment Research | Nov 21, 2016 08:57PM ET
On Nov 21, we issued an updated research report on PPL Corporation (NYSE:PPL) . PPL Corporation’s diverse asset portfolio and business model allow it to perform in and adapt to different market conditions. However, volatile commodity prices and regulatory risks are challenges.
Recently, PPL Corp. reported third-quarter 2016 adjusted earnings of 63 cents per share, topping the Zacks Consensus Estimate of 59 cents by 6.8%. Reported earnings also increased 23.5% on a year-over-year basis. PPL Corp.’s total revenue of $1,889 million missed the Zacks Consensus Estimate of $2,000 million but were up marginally from the year-ago tally of $1,878 million.
PPL Corp. continues to follow an organic growth strategy to expand and upgrade its utility systems. The company expects compound annual earnings growth of 5–6% from 2017 through 2020 driven primarily by strong rate base growth of approximately 5% compounded annually in regulated operations over the 2016–2020 period. The utility anticipates earnings growth of 6–8% from domestic operations and 4–6% from UK operations through 2020.
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