SSE's 1H Was 'Uninspiring' as Profit Falls Short of Hopes -- Market Talk

Dow Jones

Nov 16, 2022

1517 GMT - Shares in SSE drop 0.6% to 1634 pence after the power generator reported lower-than-expected first-half underlying profit. Adjusted operating profit of GBP716 million fell short of consensus expectations of GBP756 million and Citigroup's forecast of GBP747 million, Citi says, describing the results as uninspiring. "While 1H earnings look reasonable at bottom line, the make-up of the numbers appears a bit on the weak side--interest and tax offsetting weak underlying operations," Citi analysts say in a note. "Given the lack of meaningful new update to SSE's outlook in today's results, we expect the shares to tread water. We rate SSE as neutral, price target 1486 pence." (philip.waller@wsj.com)

(END) Dow Jones Newswires

November 16, 2022 10:17 ET (15:17 GMT)

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Adjusted operating profit of GBP716 million fell short of consensus expectations of GBP756 million and Citigroup's forecast of GBP747 million, Citi says, describing the results as uninspiring. \"While 1H earnings look reasonable at bottom line, the make-up of the numbers appears a bit on the weak side--interest and tax offsetting weak underlying operations,\" Citi analysts say in a note. \"Given the lack of meaningful new update to SSE's outlook in today's results, we expect the shares to tread water. We rate SSE as neutral, price target 1486 pence.\" (philip.waller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 16, 2022 10:17 ET (15:17 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SSE's 1H Was 'Uninspiring' as Profit Falls Short of Hopes -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSSE's 1H Was 'Uninspiring' as Profit Falls Short of Hopes -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-11-16 23:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1517 GMT - Shares in SSE drop 0.6% to 1634 pence after the power generator reported lower-than-expected first-half underlying profit. Adjusted operating profit of GBP716 million fell short of consensus expectations of GBP756 million and Citigroup's forecast of GBP747 million, Citi says, describing the results as uninspiring. \"While 1H earnings look reasonable at bottom line, the make-up of the numbers appears a bit on the weak side--interest and tax offsetting weak underlying operations,\" Citi analysts say in a note. \"Given the lack of meaningful new update to SSE's outlook in today's results, we expect the shares to tread water. We rate SSE as neutral, price target 1486 pence.\" (philip.waller@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 16, 2022 10:17 ET (15:17 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4081","symbol_name":"电力公用事业","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2284279556","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2284279556","pubTimestamp":1668611820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1517 GMT - Shares in SSE drop 0.6% to 1634 pence after the power generator reported lower-than-expec","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4081":"电力公用事业","SSEZY":"SSE Plc"},"translate_title":"上交所1H表现平平，利润低于预期——市场言论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSEZY":0.9,"SSE":1},"content_text":"1517 GMT - Shares in SSE drop 0.6% to 1634 pence after the power generator reported lower-than-expected first-half underlying profit. Adjusted operating profit of GBP716 million fell short of consensus expectations of GBP756 million and Citigroup's forecast of GBP747 million, Citi says, describing the results as uninspiring. \"While 1H earnings look reasonable at bottom line, the make-up of the numbers appears a bit on the weak side--interest and tax offsetting weak underlying operations,\" Citi analysts say in a note. \"Given the lack of meaningful new update to SSE's outlook in today's results, we expect the shares to tread water. We rate SSE as neutral, price target 1486 pence.\" (philip.waller@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 16, 2022 10:17 ET (15:17 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}