Sempra (SRE) Up 1.3% Since Last Earnings Report: Can It Continue?

Zacks2024-12-07

A month has gone by since the last earnings report for Sempra (SRE). Shares have added about 1.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to...

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Shares have added about 1.3% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue leading up to...</p>\n\n<a href=\"https://finance.yahoo.com/news/sempra-sre-1-3-since-163126389.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sempra (SRE) Up 1.3% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSempra (SRE) Up 1.3% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-07 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sempra-sre-1-3-since-163126389.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Sempra (SRE). Shares have added about 1.3% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue leading up to...</p>\n\n<a href=\"https://finance.yahoo.com/news/sempra-sre-1-3-since-163126389.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRE","symbol_name":"桑普拉能源","start_time":0,"source_url":"https://finance.yahoo.com/news/sempra-sre-1-3-since-163126389.html","article_id":"2489251716","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/64vRzkiY9LXGPrpW4r2GRQ--~B/aD00Njc7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/b95cfdd8768bc3c4620e666dbcb0b248"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489251716","pubTimestamp":1733502686,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Sempra . Shares have added about 1.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Sempra due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.Sempra Q3 Earnings Miss Estimates, Revenues Decline Y/Y. Sempra Energy reported third-quarter 2024 adjusted earnings per share  of 89 cents, which missed the Zacks Consensus Estimate by 16%. The figure also declined 17.6% from $1.08 per share reported in the prior-year quarter.Including one-time items, the company generated GAAP earnings of $1.00 per share compared with $1.14 in the third quarter of 2023.At this time, Sempra has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SRE":"桑普拉能源"},"translate_title":"Sempra(SRE)自上次收益报告以来上涨1.3%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SRE":1},"content_text":"A month has gone by since the last earnings report for Sempra (SRE). Shares have added about 1.3% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Sempra due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. \nSempra Q3 Earnings Miss Estimates, Revenues Decline Y/Y\nSempra Energy reported third-quarter 2024 adjusted earnings per share (EPS) of 89 cents, which missed the Zacks Consensus Estimate by 16%. The figure also declined 17.6% from $1.08 per share reported in the prior-year quarter. \nIncluding one-time items, the company generated GAAP earnings of $1.00 per share compared with $1.14 in the third quarter of 2023.\nTotal Revenues\nSempra’s total revenues of $2.78 billion declined 16.7% from $3.33 billion in the year-ago quarter. This was due to lower revenue contributions from the Natural gas, Electric and Energy-related business units.\nThe top line also missed the Zacks Consensus Estimate of $3.83 billion by 27.5%.\nSegmental Update\nSempra California: Quarterly earnings amounted to $247 million compared with the year-ago quarter’s level of $290 million.\nSempra Texas Utility: Earnings in this segment declined from $305 million in the year-ago quarter to $261 million.\nSempra Infrastructure: The segment recorded earnings of $230 million compared with $223 million in the year-ago quarter.\nParent and Other: The segment reported a loss of $100 million, wider than the prior-year period’s loss of $97 million.\nFinancial Update\nAs of Sept. 30, 2024, Sempra’s cash and cash equivalents totaled $560 million compared with $236 million as of Dec. 31, 2023.\nLong-term debt and finance leases amounted to $30.96 billion as of Sept. 30, 2024, compared with $27.76 billion as of Dec. 31, 2023.\nCash flow from operating activities decreased from $5.13 billion in the first nine months of 2023 to $3.54 billion in the first nine months of 2024.\nGuidance\nSempra reiterated its 2024 earnings projection in the range of $4.60-$4.90 per share. The Zacks Consensus Estimate is pegged at $4.77 per share, higher than the midpoint of the company’s guided range.\nSRE still expects 2025 earnings to be in range of $4.90-$5.25 per share.\nThe consensus estimate is pegged at $5.13 per share, higher than the midpoint of the company’s guided range.\nIt continues to expect a long-term EPS growth rate of 6-8%.\nHow Have Estimates Been Moving Since Then?\nIt turns out, estimates review have trended upward during the past month.\nThe consensus estimate has shifted 6.68% due to these changes.\nVGM Scores\nAt this time, Sempra has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Sempra has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSempra Energy (SRE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489251716"}