Public Service Enterprise Group Incorporated (NYSE:PEG) last week reported its latest first-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It was not a great result overall. Although revenues beat expectations, hitting US$3.2b, statutory earnings missed analyst forecasts by 18%, coming in at just US$1.18 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Public Service Enterprise Group after the latest results.

We've discovered 2 warning signs about Public Service Enterprise Group. View them for free.NYSE:PEG Earnings and Revenue Growth May 3rd 2025

After the latest results, the 14 analysts covering Public Service Enterprise Group are now predicting revenues of US$11.3b in 2025. If met, this would reflect a modest 5.0% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 9.5% to US$4.02. In the lead-up to this report, the analysts had been modelling revenues of US$11.0b and earnings per share (EPS) of US$4.02 in 2025. There doesn't appear to have been a major change in sentiment following the results, other than the small increase to revenue estimates.

See our latest analysis for Public Service Enterprise Group

It may not be a surprise to see thatthe analysts have reconfirmed their price target of US$86.57, implying that the uplift in revenue is not expected to greatly contribute to Public Service Enterprise Group's valuation in the near term. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Public Service Enterprise Group at US$102 per share, while the most bearish prices it at US$70.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Public Service Enterprise Group's growth to accelerate, with the forecast 6.8% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.0% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Public Service Enterprise Group is expected to grow much faster than its industry.

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The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Public Service Enterprise Group going out to 2027, and you can see them free on our platform here..

Even so, be aware that  Public Service Enterprise Group is showing  2 warning signs in our investment analysis, and 1 of those is a bit unpleasant...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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