Public Service Enterprise Group Incorporated (PEG), with a market capitalization of approximately $35.1 billion, is an energy company serving customers primarily through electricity and natural gas operations. The Newark, New Jersey-based company’s businesses provide electric and gas utility services, energy efficiency programs, infrastructure, and related energy solutions.
PEG is scheduled to release its Q3 results on Monday, November 2, 2026. Analysts forecast diluted EPS of $1.20, representing a 6.2% increase from $1.13 reported in the same quarter last year. The company has also beaten Wall Street’s EPS estimates in each of the past four quarters.
For fiscal 2026, analysts project EPS of $4.37, up 7.9% from $4.05 in fiscal 2025. Earnings growth is expected to continue into fiscal 2027, with EPS forecast to rise another 7.1% year over year to $4.68.
PEG shares have dropped 14.4% over the past 52 weeks, underperforming the S&P 500 Index ($SPX), which advanced 16.2%, and the State Street Utilities Select Sector SPDR ETF (XLU), which fell 9% over the same period.
Public Service Enterprise Group shares have lagged behind the broader market over the past year amid regulatory headwinds, earnings pressure, and concerns about New Jersey’s electricity affordability. Proposed measures to lower utility bills have raised uncertainty around potential returns and future profitability, while weaker earnings and declining net margins have weighed on investor sentiment.
Despite these concerns, analyst sentiment toward PEG remains cautiously positive, with the stock carrying a consensus “Moderate Buy” rating. Of the 22 analysts covering the stock, eight recommend a “Strong Buy,” while the remaining 14 assign a “Hold” rating. The average price target of $83.92 suggests potential upside of 18.9% from the current share price.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.