PSEG (PEG) Surpasses Q4 Expectations for Earnings and Revenue

PSEG Reports Higher-Than-Expected Quarterly Earnings

PSEG (PEG) posted adjusted earnings of $0.72 per share for the recent quarter, narrowly surpassing the Zacks Consensus Estimate of $0.71 per share. This result, however, is lower than the $0.84 per share reported in the same period last year. The figures exclude one-time items.

The company delivered a positive earnings surprise of 1.41%. In the previous quarter, PSEG was anticipated to earn $1.01 per share but actually achieved $1.13, resulting in an 11.88% surprise.

Over the past year, PSEG has exceeded consensus earnings estimates in three out of four quarters.

Operating in the Zacks Utility - Electric Power sector, PSEG generated $2.92 billion in revenue for the quarter ending December 2025, which is 12.81% above the consensus estimate and up from $2.47 billion a year earlier. The company has outperformed revenue expectations in each of the last four quarters.

How the stock reacts in the short term will largely depend on management’s insights during the earnings call and their outlook for future performance.

Since the start of the year, PSEG shares have climbed approximately 7.1%, outpacing the S&P 500’s 1.5% gain.

What Lies Ahead for PSEG?

Although PSEG has outperformed the broader market so far this year, investors are now wondering about the company’s future prospects.

One key indicator for what’s next is the company’s earnings outlook, which includes not only current consensus estimates for upcoming quarters but also any recent changes to those forecasts.

Research indicates a strong link between short-term stock price movements and trends in earnings estimate revisions. Investors can monitor these changes themselves or use tools like the Zacks Rank, which has a strong history of leveraging earnings estimate trends.

Before this earnings announcement, PSEG’s estimate revisions were negative. While these could shift following the latest results, the current trend gives PSEG a Zacks Rank #4 (Sell), suggesting the stock may lag the market in the near term. You can view the full list of Zacks #1 Rank (Strong Buy) stocks here.

It will be important to watch how analyst estimates for the next quarters and the current fiscal year evolve in the coming days. The current consensus projects EPS of $1.46 on $3.27 billion in revenue for the next quarter, and $4.38 EPS on $12.02 billion in revenue for the full year.

Investors should also consider the broader industry outlook, as it can significantly affect individual stock performance. The Utility - Electric Power industry currently ranks in the top 32% of over 250 Zacks industries. Historically, the top half of Zacks-ranked industries outperform the bottom half by more than two to one.

Another company in the same sector, Ballard Power Systems (BLDP), has yet to announce results for the quarter ending December 2025. The company is scheduled to report on March 12.

Ballard Power Systems is expected to report a quarterly loss of $0.07 per share, which would be a 50% improvement from the prior year. The consensus EPS estimate has remained unchanged over the past month.

Revenue for Ballard Power Systems is projected at $29.83 million, representing a 21.7% increase year over year.

Is Public Service Enterprise Group (PEG) a Good Investment?

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