Sempra Energy (SRE) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 24, 2020 09:51PM ET
Sempra Energy (NYSE:SRE) is set to report fourth-quarter and 2019 results on Feb 27, before market open.
In the last reported quarter, the company delivered a positive earnings surprise of 0.67%. Moreover, its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 3.21%.
Let’s see how things have shaped up prior to this announcement.
Factors at Play
Sempra Energy’s service territories witnessed above-normal warm temperatures at the onset of the fourth quarter, while at the end of the quarter below-average cold temperatures prevailed. However, heavy rainfall caused heavy precipitation in various parts of the company’s operational regions. As a result, temperature did not act as a growth catalyst for Sempra Energy’s results in the soon-to-be-reported quarter.
Moreover, during the fourth quarter, severe wildfire affected parts of California. These must have led to significant power outages, which in turn, are likely to have weighed on the company's performance.
For quarterly revenues, the Zacks Consensus Estimate stands at $3.08 billion, suggesting a 4.3% decline from the year-ago quarter reported figure.
Sempra Energy Price and EPS Surprise
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