Q2 earnings reporting season is coming up fast. And while no one is projecting blockbuster gains, certain baseline expectations must be met, and preferably beaten.
Regulated utilities with posted earnings guidance offer the easiest benchmarks for gauging progress. Those updating in the past month offer the best odds of avoiding nasty surprises, always key to dodging downside.
Best situated is Conservative Holding Sempra Energy (NYSE: SRE). In late June, management actually raised the mid-point of its guidance range for 2020 earnings from $7.10 to $7.50 per share.
Sempra has many moving parts. And it’s possible something will emerge in Q2 results due out in late July that highlights weakness. Progress bringing the Cameron LNG export facility, for example, will be a key area of interest.
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