It missed last quarter, and consensus estimates have been trimmed slightly over the past 30 days, yet the most accurate analysts have raised their forecasts — for $PPL, this earnings report is less about growth itself and more about whether costs can be kept under control.
PPL is scheduled to report its third-quarter 2026 results before the U.S. market opens on November 6. The earnings call is at 11:00 a.m. Eastern Time (12:00 a.m. Beijing Time on November 7).
Consensus is for earnings of about $0.53 per share and revenue of approximately $2.41 billion to $2.44 billion. In the same period last year, earnings were $0.48 per share, with revenue growth of about 8.9% to 9.2% year over year; earnings per share are expected to rise about 10.4% to 10.6% year over year.
Last quarter offers a point of reference: earnings were $0.33 per share, below consensus of about $0.34 to $0.35, while revenue of approximately $2.11 billion also came in below expectations of around $2.19 billion to $2.21 billion.
Zacks' model is sending a mixed signal: its most accurate estimates are above consensus, with a positive ESP of 0.38% and a Rank 2 rating, leading the model to see a good chance of an earnings beat. However, consensus itself has been revised down slightly, by about 0.53% over the past 30 days. The forward P/E of 17.31 is also above the industry average of 16.54, leaving little room for error.
I’m watching just three things in this report: whether rate adjustments and cost recovery can offset rising interest and operating costs; whether the $23 billion investment plan and data-center demand are explained clearly; and whether the full-year guidance is revised down.
Three possible scenarios: A beat accompanied by a clear explanation of rates and cost recovery, with guidance intact, would confirm both that growth is continuing and that costs are under control. Results merely in line with consensus while costs continue to eat into profits would not count as a beat — at best, expectations would simply have been met. If revenue comes in near the low end of the range or costs weigh on earnings, the limited margin for error needs to be reassessed. Don’t chase the first premarket move; wait for the call to break down rates, costs, and full-year guidance.
Data as of: 2026-11-03 23:50 UTC
For informational purposes only; this is not investment advice.
PPL is scheduled to report its third-quarter 2026 results before the U.S. market opens on November 6. The earnings call is at 11:00 a.m. Eastern Time (12:00 a.m. Beijing Time on November 7).
Consensus is for earnings of about $0.53 per share and revenue of approximately $2.41 billion to $2.44 billion. In the same period last year, earnings were $0.48 per share, with revenue growth of about 8.9% to 9.2% year over year; earnings per share are expected to rise about 10.4% to 10.6% year over year.
Last quarter offers a point of reference: earnings were $0.33 per share, below consensus of about $0.34 to $0.35, while revenue of approximately $2.11 billion also came in below expectations of around $2.19 billion to $2.21 billion.
Zacks' model is sending a mixed signal: its most accurate estimates are above consensus, with a positive ESP of 0.38% and a Rank 2 rating, leading the model to see a good chance of an earnings beat. However, consensus itself has been revised down slightly, by about 0.53% over the past 30 days. The forward P/E of 17.31 is also above the industry average of 16.54, leaving little room for error.
I’m watching just three things in this report: whether rate adjustments and cost recovery can offset rising interest and operating costs; whether the $23 billion investment plan and data-center demand are explained clearly; and whether the full-year guidance is revised down.
Three possible scenarios: A beat accompanied by a clear explanation of rates and cost recovery, with guidance intact, would confirm both that growth is continuing and that costs are under control. Results merely in line with consensus while costs continue to eat into profits would not count as a beat — at best, expectations would simply have been met. If revenue comes in near the low end of the range or costs weigh on earnings, the limited margin for error needs to be reassessed. Don’t chase the first premarket move; wait for the call to break down rates, costs, and full-year guidance.
Data as of: 2026-11-03 23:50 UTC
For informational purposes only; this is not investment advice.
