Earnings To Watch: Sempra (SRE) Reports Q2 2024 Result

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Sempra (SRE, Financial) is set to release its Q2 2024 earnings on Aug 6, 2024. The consensus estimate for Q2 2024 revenue is $3.40 billion, and the earnings are expected to come in at $0.87 per share. The full year 2024's revenue is expected to be $15.86 billion and the earnings are expected to be $4.82 per share. More detailed estimate data can be found on the Estimates page.

Sempra (SRE, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Sempra (SRE) have declined from $16.59 billion to $15.86 billion for the full year 2024, and from $17.32 billion to $16.64 billion for 2025. Earnings estimates for Sempra (SRE) have remained flat at $4.82 per share for the full year 2024 and at $5.15 per share for 2025.

Sempra (SRE, Financial) Reported History

In the previous quarter of 2024-03-31, Sempra's (SRE) actual revenue was $3.64 billion, which missed analysts' revenue expectations of $5.58 billion by -34.73%. Sempra's (SRE) actual earnings were $1.26 per share, which missed analysts' earnings expectations of $1.32 per share by -4.18%. After releasing the results, Sempra (SRE) was up by 1.76% in one day.

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Sempra (SRE, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 15 analysts, the average target price for Sempra (SRE) is $84.46 with a high estimate of $95 and a low estimate of $77. The average target implies an upside of 3.33% from the current price of $81.74.

Based on GuruFocus estimates, the estimated GF Value for Sempra (SRE, Financial) in one year is $85.67, suggesting an upside of 4.81% from the current price of $81.74.

Based on the consensus recommendation from 18 brokerage firms, Sempra's (SRE, Financial) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.