With a market cap of $43.9 billion, Public Service Enterprise Group Incorporated (PEG) is a diversified energy company operating primarily in the Northeastern and Mid-Atlantic regions of the United States through its key subsidiaries, PSE&G and PSEG Power. PSE&G provides regulated electricity and natural gas services in New Jersey, while PSEG Power focuses on electricity generation, energy trading, and gas supply operations. PSE&G also invests in solar generation, energy efficiency programs, and offers appliance services and repairs.
The Newark, New Jersey-based company is expected to unveil its fiscal Q4 earnings results on Monday, Feb. 24. Prior to the event, analysts anticipate the utility company to report a profit of $0.83 per share, up 53.7% from $0.54 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters while missing on three other occasions. In the last reported quarter, PEG missed the consensus EPS estimate by 1.1%.
