In a recent report, analysts at Credit Suisse updated their earnings forecasts for stocks in the electric power and utilities space. The updated earnings predictions incorporate the most recent data on U.S. power demand, nuclear outages and company guidance.
Credit Suisse sees earnings per share above consensus for each of these five stocks:
DTE Energy Co DTE 0.57%
DTE stock is trading near all-time highs, and Credit Suisse believes even more good news is coming for shareholders when the company reports earnings in February. They are projecting an EPS slightly above the $1.05 consensus prediction for the quarter.
Edison International EIX 1.35%
Edison stock is up more than 3.6 percent so far in 2015, and Credit Suisse predicts upside to consensus earnings for the company. They are looking for EPS of $0.85 versus a consensus forecast of $0.84.
PPL Corporation PPL 0.73%
PPL stock has fallen nearly 2 percent on the year, but Credit Suisse sees an earnings beat coming for the company in February. They are predicting EPS of $0.50 versus a consensus forecast of $0.49.
Laclede Group Inc LG 0.48%
Laclede shares are up nearly 3 percent this month, and Credit Suisse believes that the company will have no problem beating consensus earnings estimates of $1.11 per share. They are predicting earnings of $1.16, a 4 percent beat.
PG&E Corporation PCG 1.22%
PG&E has taken 2015 by storm, as the stock has surged over 11 percent to new all-time highs already this year. Credit Suisse feels that the company will produce the largest earnings beat in the space. They recently upped their EPS prediction from $0.54 to $0.57, more than 8 percent higher than consensus estimates of $0.53.
Investors that own these stocks will be patiently waiting to see if Credit Suisse’s positive predictions come true starting next week.
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